RAIT Senior Notes Now Trading

By: ,

August 22, 2014   10:35 am

Reader shadetreethinker has reminded us that the new RAIT Senior Notes are new trading on the NYSE under the ticker RFTA.  The coupon on the issue is 7.125% and it is now trading at $24.80.

While RAIT is not a quality issue it does have short duration (5 years) and this makes it an interest to us.  We may buy a small position to continue our move toward short durations.

We wrote on this issue here and further details are linked on this page.

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