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: [email protected]; or Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, telephone: (855) 300‐7136, email: [email protected].
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
SOURCE CatchMark Timber Trust, Inc.
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article