Shares of the specialty finance company and real estate investment trust (REIT) Ares Commercial Real Estate Corp (NYSE: ACRE) have fallen nearly 10% today as of 2:45 p.m. EDT. The company earlier in the day announced the pricing on a new issuance of common stock. Ares priced 6.5 million shares of common stock for total gross proceeds of roughly $102.8 million, with the offering expected to close around June 22.
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