RAIT Financial Trust (RAS) said Monday it has commenced an underwritten public offering of 9 million common shares and expects to grant the underwriters a 30-day option to purchase up to 1.35 million additional common shares.
The company intends to use the net proceeds of the offering to make investments relating to its business and for general corporate purposes.
Deutsche Bank Securities and Barclays are acting as the joint book-running managers of the offering.
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