$75m Securities to fund investment opportunities.

Capital Trust, Inc. announced that it has issued $75 million of Trust Preferred Securities through its wholly-owned subsidiary, CT Preferred Trust II. Proceeds will be used to fund existing and future investment opportunities.

The Trust Preferred Securities have a 30-year term ending April 2037, are redeemable at par on or after April 30, 2012 and pay distributions at a fixed rate of 7.03% (7.14% including the amortization of fees and expenses) for the first ten years ending April 2017 and thereafter, at a floating rate of three month LIBOR plus 2.25%.

The Trust Preferred Securities were sold in a private transaction exempt from registration under the Securities Act of 1933.