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):   May 11, 2010

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))


    Item 5.07. Submission of Matters to a Vote of Security Holders

At RAIT Financial Trust’s Annual Meeting of Shareholders held on May 11, 2010, pursuant to the Notice of Annual Meeting of Shareholders and Proxy Statement dated March 25, 2010, the voting results were as follows:

  (a)   Each of the following nominees was elected to the Board of Trustees as follows:

 

                                 
Trustee
  Votes For   Votes Against   Votes Abstain        
 
              Broker Non-Vote
Betsy Z. Cohen.
  29,578,188   1,886,088   283,027   27,126,428
Edward S. Brown
  30,074,506   1,396,109   276,691   27,126,426
Frank A. Farnesi
  30,041,052   1,418,337   287,919   27,126,425
S. Kristin Kim
  30,019,401   1,446,924   280,980   27,126,427
Arthur Makadon
  29,892,626   1,568,516   286,163   27,126,427
Daniel Promislo
  29,876,534   1,585,709   285,063   27,126,426
John F. Quigley, III
  30,118,610   1,341,457   287,239   27,126,426
Murray Stempel, III
  29,497,393   1,959,408   290,505   27,126,426

  (b)   The proposal to approve the selection of Grant Thornton LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2010 was approved as follows:

 

                         
Votes For
 
  Votes Against
 
  Votes Abstain
 
  Broker Non-Vote
 
56,400,760
    1,954,361       518,611       0  


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
          
May 13, 2010   By:   /s/ Jack E. Salmon
       
        Name: Jack E. Salmon
        Title: Chief Financial Officer and Treasurer