RAIT FINANCIAL TRUST

CUSIP: 749227609 Class: COM NEW

State of New Jersey Common Pension Fund D's Holding History (CIK: 0001483066)

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

Q4 2015
Shares 275,000 Value ($000) $743 Avg Close — Range —
Q3 2015
Shares 275,000 Value ($000) $1,364 Avg Close — Range —
Q2 2015
Shares 205,000 Value ($000) $1,253 Avg Close — Range —