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REIT Resource Capital slashes offering size

February 1, 2006
RSO

Resource Capital, a specialty finance REIT investing in real estate-related securities, dramatically reduced its offering size to 4.0 million shares from 10.0 million, representing a 60% cut. The price range remains unchanged at $15 to $17. Credit Suisse is the lead manager on the deal. Timing is to be determined.