RAIT Financial Trust Announces Pricing of Public Offering of Common Shares

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RAIT Financial (RAS) Prices 8M Common Stock Offering at $5.55/Share

July 31, 2015 8:50 AM EDT

RAIT Financial (NYSE: RAS) has priced an underwritten public offering of 8,000,000 common shares at a public offering price of $5.55 per share. The Company has granted the underwriters a 30-day option to purchase up to 1,200,000 additional common shares. The offering is expected to close on... More