Attached files
Exhibit 99.1
John F. Quigley, III
as of October 17, 2012
Scott F. Schaeffer
Chief Executive Officer and President
RAIT Financial Trust
Cira Centre
2929 Arch Street, 17th Floor
Philadelphia, Pennsylvania 19104
To the Chief Executive Officer and President:
This letter is formal notification of my resignation effective as of the date hereof from the Board of Trustees (the Board) of RAIT Financial Trust (RAIT), including as a member of the Compensation Committee and the Nominating and Governance Committee of the Board, and from any other positions held by me with RAIT and its subsidiaries. My resignation is not because of any disagreement with RAIT on any matter relating to RAITs operations, policies or practices.
Yours sincerely, |
/s/ John F. Quigley, III |
John F. Quigley, III |
cc: | Raphael Licht |
Chief Operating Officer and Secretary
RAIT Financial Trust