On August 20, 2017, RAIT Financial Trust terminated the employment of Paul W. Kopsky as Chief Financial Officer and Treasurer of the company. The company appointed Alfred J. Dilmore to serve as Interim Chief Financial Officer and Interim Treasurer, effective August 22, 2017. Dilmore will also continue to serve as RAIT's Chief Accounting Officer.

Dilmore has served as RAIT's Chief Accounting Officer since March 2016 and as RAIT's Senior Managing Director-Accounting and Reporting from June 2015 to March 2016. Prior to joining RAIT, Mr. Dilmore was a director of accounting policy at the Federal Home Loan Mortgage Corporation, or Freddie Mac, a publicly-traded government-sponsored enterprise, from 2010 through June 2015.