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RAIT Financial Trust (ticker:RAS)(a REIT) has priced a senior note offering at 7.125%.This issue holds some interest to us as it has a maturity date of 8/30/2019 and this shorter maturity is attractive.  When (if) interest rates finally start to rise this issue should have less volitility than a debt issue with maturity dates that are 20, 30 or 40…

August 13, 2014 - 4:05 pm  Gramercy Property Trust (ticker:GPT) (a REIT) has priced a cumulative redeemable preferred offering.  Of course the issue is a perpetual issue and as such we have no interest at this point in time.There are 3,500,000 shares in the offering and it has been priced at 7.125%.  The shares will begin trading on the OTC grey…

Date Issued  Estimate  8/19/2014Shares Issued  2,800,000     Overallotment Shares   420,000S&P Rating   NR    Moodys Rating   NRSecurity Ticker Symbol   RFTAMarket Traded ON   NYSEInterest Payment Paid on the Last Day of February, May, August and November beginning on 11/30/2014Quarterly Interest   .445   Annual Interest   1.781Securities may be redeemed, at the issuers option, as early as 8/30/2017  the call price is $25…

Date of Issue    8/12/2014Shares Offered   3,500,000       Overallotment Shares  NoneS&P Rating   NR   Moodys Rating   NRSecurity Ticker Symbol   GPT-B   OTC Temp Ticker   GTPTPMarket Traded ON   NYSEDividend Payment Paid on the last day of March, June, September and December beginning on 12/31/2014Quarterly Dividend   .445   Annual Dividend   1.781Securities may be redeemed, at the issuers…

August 13, 2014 - 2:00 pm  Global Ship Lease (ticker:GSL), a container ship owner which we have followed for a very long time, is selling a cumulative redeemable preferred.At this time the final details in terms of number of shares offered and the coupon have not been released.  We can be relatively certain that the coupon will be above 8 or…