By: Benzinga
January 14, 2013 at 16:47 PM EST
RAIT Financial Announces Full Exercise of Underwriters Overallotment Option
RAIT Financial Trust (NYSE: 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
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