RAIT FINANCIAL TRUST

CUSIP: 749227104 Class: COMMON STOCK

Pinnacle Holdings, LLC's Holding History (CIK: 0001411784)

Note: Option positions (PUT/CALL) are excluded.

Q2 2015
Shares 46,800 Value ($000) $285,948 Avg Close — Range —
Q1 2015
Shares 44,800 Value ($000) $307,328 Avg Close — Range —
Q4 2014
Shares 44,800 Value ($000) $343,616 Avg Close — Range —
Q3 2014
Shares 14,800 Value ($000) $109,964 Avg Close — Range —
Q2 2014
Shares 14,400 Value ($000) $119,088 Avg Close — Range —
Q1 2014
Shares 13,900 Value ($000) $118,011 Avg Close — Range —
Q4 2013
Shares 12,900 Value ($000) $115,713 Avg Close — Range —
Q3 2013
Shares 10,050 Value ($000) $71,154 Avg Close — Range —
Q2 2013
Shares 7,450 Value ($000) $56,024 Avg Close — Range —