Tiptree Financial Inc (NASDAQ:TIPT)
has filed an amended 13D with the SEC, disclosing an updated activist position on RAIT Financial Trust (NYSE:RAS).
The holding company now owns over 6.22 million shares of the REIT, a position which was buffed by numerous purchases of the stock between February 2 and February 12, as detailed in the filing. Check it out below and on the following pages.
Ownership Summary Table
|Name || Sole Voting Power || Shared Voting Power || Sole Dispositive Power || Shared Dispositive Power || Aggregate Amount Owned Power || Percent of Class |
|Tiptree Financial Inc || || 0 || 6,622,380 || 0 || 6,622,380 || 7.26% |
Page 1 of 6 SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. 1)
RAIT Financial Trust
(Name of Issuer)
Common shares of beneficial interest, par value $0.03 per share
(Title of Class of Securities)
(CUSIP Number of Class of Securities)
Neil C. Rifkind
Tiptree Financial Inc.
780 Third Avenue, 21st Floor
New York, NY 10017
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
February 11, 2016
(Date of Event which Requires Filing of this Schedule)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).