RAIT Financial Trust to price public sale of 9 million common shares

Bookrunners Barclays and Deutsche Bank assist with funding investments

By Devika Patel

Knoxville, Tenn., Dec. 17 - RAIT Financial Trust will price a public offering of 9 million common shares with a 30-day greenshoe, according to a preliminary prospectus supplement filed Monday with the Securities and Exchange Commission.

Deutsche Bank Securities Inc. and Barclays are the joint bookrunning managers.

Proceeds will be used for investments and general corporate purposes.

RAIT is a commercial real estate company based in Philadelphia.

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