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<TITLE> RAIT Financial Trust (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	November 23, 2015
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	RAIT Financial Trust
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Maryland
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	1-14760
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	23-2919819
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	2929 Arch St., 17th Floor, Philadelphia, Pennsylvania
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	19104
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_________________________________<BR>
	(Address of principal executive offices)
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___________<BR>
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	Registrant&#146;s telephone number, including area code:
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	(215) 243-9000
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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	&nbsp;
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
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[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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	Item 8.01 Other Events.
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On December 8, 2015, RAIT Financial Trust ("RAIT") issued a press release announcing the fourth quarter cash distribution on RAIT&#x2019;s common shares and a reaffirmation of RAIT&#x2019;s cash available for distribution guidance for the fourth quarter of 2015.  A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.<br><br>On November 23, 2015, a shareholders&#x2019; derivative action (the "Action") was filed in the Court of Common Pleas of Philadelphia County (the "Court") (Civil Case No. 151103347) naming RAIT, as nominal defendant, and certain of our current and former executive officers and trustees as defendants (the "Individual Defendants"). The complaint in the Action alleges a single count of breach of fiduciary duty by the Individual Defendants allegedly arising out of the subject matter of the settlement between Taberna Capital Management, LLC, a RAIT subsidiary, and the United States Securities and Exchange Commission previously disclosed by RAIT.  After receiving an earlier demand letter containing substantially similar allegations, purportedly sent on behalf of the RAIT shareholder who filed the Action, RAIT&#x2019;s board of trustees (the "Board") appointed and authorized a special committee of the Board (the "Special Committee") to investigate the shareholder&#x2019;s allegations and determine what action, if any, RAIT should take in response.  <br><br>RAIT and counsel for the plaintiff shareholder in the Action have reached an agreement in principle to settle the Action.  RAIT expects to seek the approval of the Special Committee to enter into such a settlement.  If the Special Committee approves, and final approval of the settlement is granted by the Court, the Action will be dismissed with prejudice without any monetary damages paid by or on behalf of RAIT or any of the Individual Defendants.  At this juncture, however, we cannot guarantee that these approvals will be forthcoming.  Similarly, we cannot guarantee what the exact terms of any such final settlement or other resolution of this matter will be.<br>
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	Item 9.01 Financial Statements and Exhibits.
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(d) Exhibits. <br><br>99.1 Press Release. <br>
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	SIGNATURES
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	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
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	RAIT Financial Trust
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	&nbsp;&nbsp;
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<I>
	December 8, 2015
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	By:
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	/s/  James J. Sebra
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	Name: James J. Sebra
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	Title: Chief Financial Officer and Treasurer
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	Exhibit&nbsp;Index
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	Exhibit No.
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	Description
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	99.1
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	&nbsp;
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Press Release.
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RAIT Financial Trust (Form: 8-K)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
November 23, 2015
RAIT Financial Trust
__________________________________________
(Exact name of registrant as specified in its charter)
Maryland
1-14760
23-2919819
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)
2929 Arch St., 17th Floor, Philadelphia, Pennsylvania
19104
_________________________________
(Address of principal executive offices)
___________
(Zip Code)
Registrant's telephone number, including area code:
(215) 243-9000
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Top of the Form
Item 8.01 Other Events.
On December 8, 2015, RAIT Financial Trust ("RAIT") issued a press release announcing the fourth quarter cash distribution on RAIT's common shares and a reaffirmation of RAIT's cash available for distribution guidance for the fourth quarter of 2015.  A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
On November 23, 2015, a shareholders' derivative action (the "Action") was filed in the Court of Common Pleas of Philadelphia County (the "Court") (Civil Case No. 151103347) naming RAIT, as nominal defendant, and certain of our current and former executive officers and trustees as defendants (the "Individual Defendants"). The complaint in the Action alleges a single count of breach of fiduciary duty by the Individual Defendants allegedly arising out of the subject matter of the settlement between Taberna Capital Management, LLC, a RAIT subsidiary, and the United States Securities and Exchange Commission previously disclosed by RAIT.  After receiving an earlier demand letter containing substantially similar allegations, purportedly sent on behalf of the RAIT shareholder who filed the Action, RAIT's board of trustees (the "Board") appointed and authorized a special committee of the Board (the "Special Committee") to investigate the shareholder's allegations and determine what action, if any, RAIT should take in response.
RAIT and counsel for the plaintiff shareholder in the Action have reached an agreement in principle to settle the Action.  RAIT expects to seek the approval of the Special Committee to enter into such a settlement.  If the Special Committee approves, and final approval of the settlement is granted by the Court, the Action will be dismissed with prejudice without any monetary damages paid by or on behalf of RAIT or any of the Individual Defendants.  At this juncture, however, we cannot guarantee that these approvals will be forthcoming.  Similarly, we cannot guarantee what the exact terms of any such final settlement or other resolution of this matter will be.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release.
Top of the Form
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
RAIT Financial Trust
December 8, 2015
By:
/s/  James J. Sebra
Name: James J. Sebra
Title: Chief Financial Officer and Treasurer
Top of the Form
Exhibit Index
Exhibit No.
Description
99.1
Press Release.