RAIT FINANCIAL TRUST

CUSIP: 749227609 Class: COM NEW

Hilton Capital Management, LLC's Holding History (CIK: 0001541211)

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

Q2 2015
Shares 47,000 Value ($000) $287 Avg Close — Range —
Q1 2015
Shares 47,000 Value ($000) $318 Avg Close — Range —
Q4 2014
Shares 47,700 Value ($000) $366 Avg Close — Range —
Q3 2014
Shares 1,053,753 Value ($000) $7,829 Avg Close — Range —
Q2 2014
Shares 995,598 Value ($000) $8,234 Avg Close — Range —
Q1 2014
Shares 905,573 Value ($000) $7,688 Avg Close — Range —
Q4 2013
Shares 658,140 Value ($000) $5,904 Avg Close — Range —
Q3 2013
Shares 815,690 Value ($000) $5,775 Avg Close — Range —
Q2 2013
Shares 784,520 Value ($000) $5,900 Avg Close — Range —