NORCROSS, Ga., Dec. 11, 2013 /PRNewswire/ -- CatchMark Timber Trust, Inc. (CatchMark Timber) today has priced its underwritten offering of 10,526,316 shares of its Class A common stock at $13.50 per share. In connection with the offering, CatchMark Timber's Class A common stock has been authorized for listing on the New York Stock Exchange under the symbol "CTT." CatchMark Timber's Class A common stock is expected to begin trading on December 12, 2013, and the offering is expected to close on December 17, 2013, subject to customary closing conditions. The underwriters have a 30-day option to purchase up to an additional 1,578,947 shares of Class A common stock in the offering solely to cover overallotments, if any.
Raymond James, Baird and Stifel are serving as joint book-running managers for the offering. Mitsubishi UFJ Securities and Janney Montgomery Scott are serving as co-managers for the offering.
A copy of the final prospectus 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: firstname.lastname@example.org; Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Ave., Milwaukee, Wisconsin 53202, telephone: (800) 792-2473, email: email@example.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 Timber
CatchMark Timber Trust, Inc. is a self-administered and self-managed REIT that began operations in 2006 and owns interests in approximately 280,000 acres of timberland located on the Lower Piedmont and Upper Coastal Plains of East Central Alabama and West Central Georgia. CatchMark Timber owns approximately 247,200 acres and leases approximately 32,800 additional acres from third parties.
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SOURCE CatchMark Timber Trust, Inc.