RAIT FINANCIAL TRUST

CUSIP: 749227AB0 Class: NOTE 4.000%10/0

BASSO CAPITAL MANAGEMENT, L.P.'s Holding History (CIK: 0001287978)

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

Q1 2015

Shares 7,000,000 Value ($000) $5,968 Avg Close — Range —

Q4 2014

Shares 11,500,000 Value ($000) $10,528 Avg Close — Range —

Q3 2014

Shares 11,500,000 Value ($000) $10,810 Avg Close — Range —

Q2 2014

Shares 10,500,000 Value ($000) $10,251 Avg Close — Range —

Q1 2014

Shares 3,500,000 Value ($000) $3,442 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	7,000,000	$5,968	—	—
Q4 2014	11,500,000	$10,528	—	—
Q3 2014	11,500,000	$10,810	—	—
Q2 2014	10,500,000	$10,251	—	—
Q1 2014	3,500,000	$3,442	—	—