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Prospect News home > News index > List of issuers R > Headlines for RAIT Financial Trust > News item
Published on 7/29/2011 in the Prospect News Convertibles Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

RAIT Financial files $600 million shelf for stock, debt, preferreds

By Devika Patel

Knoxville, Tenn., July 29 - RAIT Financial Trust. filed a $600 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 securities may be structured as convertibles.

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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