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BRIEF-RAIT reaches agreement with Highland Capital Management
May 26, 2017 / 12:41 PM / 4 months ago

BRIEF-RAIT reaches agreement with Highland Capital Management

May 26 (Reuters) - RAIT Financial Trust:

* RAIT reaches agreement with Highland Capital Management, L.P.

* RAIT Financial Trust - entered into a cooperation agreement with Highland Capital Management, L.P., affiliates

* RAIT Financial Trust says ‍highland Capital agreed to vote their shares in support of election of slate of trustees recommended by RAIT’s board​

* RAIT Financial Trust - following certification of vote at its 2017 annual meeting of shareholders, co to appoint to board of trustees a new trustee

* RAIT Financial Trust - ‍in addition, RAIT agreed that within 120 days from date of cooperation agreement, it will appoint an additional new trustee to its board​

* RAIT Financial Trust - following certification of vote at its 2017 annual meeting, new trustee to be 1 of 2 candidates recommended by highland capital Source text for Eikon: Further company coverage:

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