RAIT Financial Trust (RAS) announced after the bell Monday that it has commenced an underwritten public offering of 9,000,000 common shares. The stock is now down 0.32 on 12K shares.
RAIT Financial Trust climbed for the bulk of the afternoon Monday and closed up by 0.27 at $5.98. The stock closed challenging the highs of the year, trading at a 10-month high.
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