Normal 0 false false false MicrosoftInternetExplorer4 Shares of RAIT Financial Trust (NYSE: RAS) shed 7.4% to $5.54, after announcing late Monday that it commenced a secondary public offering of nine million common shares, with underwriters having the option to sell up to 1.35 million additional shares if investor demand warrants. Share volume cleared one million, compared to a daily average of 291,000 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;}