** Shares of Corporate Office Properties Trust down 3.9% at $24.52, falling for third straight session on Thurs, as it looks to raise capital

** Stock hits about 2-mth low and on course for biggest daily pct decline since Mar 22, 2023

** Office REIT late Weds announced $300 mln 5-yr exchangeable notes deal

** OFC plans to use net offering proceeds for debt repayment, and pre-funding of future development investment

** It has about $2.8 bln market cap, according to LSEG data

** With move on the session, stock down ~5% YTD vs S&P 400 Real Estate sector's ~2.5% drop

** About 2.3 mln OFC shares have changed hands as of 2:00 pm EDT on Thurs, nearly 5x stock's 10-DMA volume - LSEG

** At current levels, stock yields approx 4.6%

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))