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RFTA - RAIT Financial Trust News Story

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Position in Universe th / 6395

BRIEF-Rait Financial Trust Announces Conclusion Of Strategic And Financial Alternative Review Process

Tue 20th February, 2018 10:00pm
Feb 20 (Reuters) - Rait Financial Trust  RAS.N : 
    * RAIT FINANCIAL TRUST ANNOUNCES CONCLUSION OF STRATEGIC AND 
FINANCIAL ALTERNATIVE REVIEW PROCESS, NEXT STEPS AND OTHER ITEMS 
    * RAIT FINANCIAL TRUST SAYS DETERMINED THAT REVIEW DID NOT 
IDENTIFY SUITABLE STRATEGIC OR FINANCIAL TRANSACTION WITH 
ANOTHER COUNTERPARTY 
    * RAIT FINANCIAL TRUST - BOARD DETERMINED THAT CO SHOULD 
TAKE 
STEPS TO INCREASE CO'S LIQUIDITY THROUGH ENGAGING A FINANCIAL 
ADVISOR TO ASSIST, ADVISE CO 
    * RAIT FINANCIAL TRUST - BOARD DETERMINED THAT CO SHOULD 
TAKE 
STEPS TO INCREASE CO'S LIQUIDITY THROUGH THE CESSATION OF CO'S 
LENDING BUSINESS 
 
Source text for Eikon:  ID:nBw6rJYY3a  
Further company coverage:  RAS.N  
 
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