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News Breaks | | | | January 14, 2013 | | 17:45 EDT |  | RAS | RAIT 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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