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BRIEF-RAIT board rejects unsolicited externalization of management proposal
April 20, 2017 / 12:12 PM / in 8 months

BRIEF-RAIT board rejects unsolicited externalization of management proposal

April 20 (Reuters) - RAIT Financial Trust:

* RAIT board unanimously rejects unsolicited externalization of management proposal from highland Capital Management, L.P.

* RAIT board unanimously rejects unsolicited externalization of management proposal from Highland Capital Management, L.P.

* RAIT Financial Trust - board of trustees unanimously determined that pursuing Highland’s proposal “not in best interests of RAIT’s shareholders” Source text for Eikon: Further company coverage:

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