RAIT Financial Trust Announces Public Offering Of Common Stock


Wednesday, 27 Mar 2013 04:10pm EDT 

RAIT Financial Trust announced that it has commenced an underwritten public offering of 7,000,000 common shares. The Company expects to grant the underwriters a 30-day option to purchase up to 1,050,000 additional common shares. Deutsche Bank Securities and Barclays are acting as the joint book-running managers of the offering. The Company intends to use the net proceeds of the offering to make investments relating to its business and for general corporate purposes. 

Company Quote

7.83
0.05 +0.64%
26 Dec 2014