ATLANTA, Oct. 13, 2017 /PRNewswire/ -- CatchMark Timber
Trust, Inc. (CatchMark) today has priced its underwritten offering
of 4,000,000 shares of its Class A common stock at $12.35 per share. The offering is expected
to close on October 17, 2017, subject
to customary closing conditions. The underwriters have a 30-day
option to purchase up to an additional 600,000 shares of Class A
common stock in the offering solely to cover overallotments, if
any.
Raymond James, Stifel, and RBC
Capital Markets are serving as joint book-running managers for the
offering. FBR Capital Markets & Co. is serving as the lead
manager for the offering.
A copy of the final prospectus supplement for the offering will
be filed with the Securities and Exchange Commission and, when
available, may be obtained by contacting: Raymond James & Associates, Inc., Attention:
Syndicate Department, 880 Carillon Parkway, St. Petersburg, FL 33716, telephone: (800)
248-8863, email: prospectus@raymondjames.com; or Stifel, Nicolaus
& Company, Incorporated, Attention: Syndicate Department,
One South Street, 15th Floor,
Baltimore, MD 21202, telephone:
(855) 300‐7136, email: SyndProspectus@stifel.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or
jurisdiction.
About CatchMark
CatchMark Timber Trust, Inc. (NYSE: CTT) is a self-administered
and self-managed, publicly-traded REIT that strives to deliver
superior risk-adjusted returns for all stakeholders through
disciplined acquisitions, sustainable harvests and well-timed
sales. Headquartered in Atlanta
and focused exclusively on timberland ownership, CatchMark began
operations in 2007 and owns interests in approximately 502,600
acres* of timberland located in Alabama, Florida, Georgia, Louisiana, North
Carolina, South Carolina,
Tennessee and Texas.
*as of June 30, 2017
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SOURCE CatchMark Timber Trust, Inc.