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. 

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