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RAIT Financial Trust Message Board

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  • ethison ethison Oct 16, 2008 6:06 PM Flag

    Create a new 12% Preferred...sell it privately at a bit of a discount

    At this time I think it's easier to pick up big chunks of the debt.

    The debt is senior anyway, and is due in 2012, so it's something RAS will want to (need to) retire one way or another.

    Market conditions make it cheap............for now.

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