RAIT FINANCIAL TRUST

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

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q4 2017
Shares 6,000,000 Value ($000) $5,580 Avg Close — Range —
Q3 2017
Shares 48,800,000 Value ($000) $44,891 Avg Close — Range —
Q2 2017
Shares 38,836,000 Value ($000) $36,594 Avg Close — Range —
Q1 2017
Shares 32,136,000 Value ($000) $30,516 Avg Close — Range —
Q4 2016
Shares 31,887,000 Value ($000) $29,358 Avg Close — Range —
Q3 2016
Shares 31,887,000 Value ($000) $29,336 Avg Close — Range —
Q2 2016
Shares 15,877,000 Value ($000) $14,246 Avg Close — Range —
Q1 2016
Shares 19,541,000 Value ($000) $16,095 Avg Close — Range —
Q4 2015
Shares 16,251,000 Value ($000) $12,663 Avg Close — Range —
Q3 2015
Shares 15,624,000 Value ($000) $12,937 Avg Close — Range —
Q2 2015
Shares 12,509,000 Value ($000) $10,530 Avg Close — Range —
Q1 2015
Shares 5,150,000 Value ($000) $4,403 Avg Close — Range —
Q4 2014
Shares 5,150,000 Value ($000) $4,663 Avg Close — Range —
Q3 2014
Shares 5,150,000 Value ($000) $4,863 Avg Close — Range —