RAIT Financial Trust Announces Public Offering of 6.95M Shares

RAIT Financial Trust

announced today that it has commenced an underwritten public offering of 6,950,000 common shares. The Company expects to grant the underwriter a 30-day option to purchase up to 1,042,500 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.