ATLANTA, Oct. 17, 2017 /PRNewswire/ -- CatchMark
Timber Trust, Inc. (CatchMark) today announced the completion of
its underwritten public offering of 4,600,000 shares of Class A
common stock at $12.35 per share. The
number of shares includes the exercise in full of the underwriters'
option to purchase up to 600,000 additional shares.
Raymond James, Stifel, and RBC
Capital Markets served as joint book-running managers for the
offering. FBR Capital Markets & Co. served as the lead manager
for the offering.
A copy of the final prospectus for the offering 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.