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Stock Market & Financial Investment News

News Breaks
January 14, 2013
17:45 EDTRASRAIT Financial announces full exercise of underwriters’ option
RAIT Financial Trust, announced that the underwriters exercised, in full, the option related to RAIT’s public offering of 9M common shares that closed on December 21 and which raised net proceeds of $49M for RAIT, after payment of the underwriting discount and estimated offering expenses. The option covers an additional 1,350,000 common shares and is expected to generate additional net proceeds of approximately $7.4M. The option closing is scheduled for Wednesday, January 16, 2013. RAIT intends to use the additional net proceeds to make investments relating to its business and for general corporate purposes.
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September 18, 2014
16:22 EDTRASRAIT Financial acquires retail centers for $50.8M
RAIT Financial Trust announced RAIT’s recent acquisition of two retail centers for a purchase price of $50.8M, substantially below their replacement value. RAIT funded these purchases with $15.8M of available cash and $35M of property level debt. The acquisitions were sourced through Urban Retail Properties, which became a wholly owned subsidiary of RAIT in March. Urban Retail managed these properties for the previous owners and will continue to manage them.
September 16, 2014
16:44 EDTRASRAIT Financial lowers FY14 CAD guidance to 71c-81c from 97c-$1.07
May not compare to consensus $1.05.
16:42 EDTRASRAIT Financial to settle with SEC
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