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Prospect News home > News index > List of issuers R > Headlines for RAIT Financial Trust > News item
Published on 7/16/2008 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

RAIT files $750 million shelf

By Devika Patel

Knoxville, Tenn., July 16 - RAIT Financial Trust filed a $750 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers common shares of beneficial interest, preferred shares of beneficial interest, warrants and debt securities.

The preferreds may be convertible.

Proceeds will be used for general trust purposes.

RAIT is a Philadelphia-based real estate investment trust that provides debt financing to the real estate industry.


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