RAIT Financial Trust (RAS) Trades Lower After Prices Offering at $5.75 Per Share

RAIT Financial Trust (NYSE: RAS) announced today that it has priced an underwritten public offering of 9,000,000 common shares at a public offering price of $5.75 per share. The Company has granted the underwriters a 30-day option to purchase up to 1,350,000 additional common shares. The offering is expected to close on December 21, 2012.

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