RAIT Financial Trust RAS, announced today that the underwriters
exercised, in full, the option related to RAIT's public offering of 9.0
million common shares that closed on December 21, 2012 and which raised net
proceeds of $49.0 million 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 $7.4 million. 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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