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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.
News For RAS From The Last 14 Days
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October 30, 2014
08:13 EDTRASRAIT Financial reports Q3 investment in mortgages, loans up 22%
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08:11 EDTRASRAIT Financial reports Q 3EPS (28c), may not compare to consensus 16c
Reports Q3 revenue $75.3M, consensus $35.83M. Reports Cash Available for Distribution per share was 0c for the quarter ended September 30 as a result of the previously announced SEC settlement charge pertaining to Taberna Capital Management of $21.5M or 26c.

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