|By PR Newswire||
|January 9, 2014 05:37 PM EST||
NORCROSS, Ga., Jan. 9, 2014 /PRNewswire/ -- CatchMark Timber Trust, Inc. (CatchMark Timber) today announced the underwriters of its underwritten public offering exercised in full their option to purchase up to 1,578,947 additional shares of its Class A common stock. Including the exercise of the over-allotment, CatchMark Timber has sold a total of 12,105,263 shares, which represents net proceed of approximately $149 million after deducting underwriting discounts and commissions and offering expenses payable by CatchMark Timber.
Raymond James, Baird and Stifel served as joint book-running managers for the offering. Mitsubishi UFJ Securities and Janney Montgomery Scott served as co-managers 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: [email protected]; Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Ave., Milwaukee, Wisconsin 53202, telephone: (800) 792-2473, 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 Timber
CatchMark Timber Trust, Inc. is a self-administered and self-managed publicly traded 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. CatchMark Timber maintains a website at www.CatchMarkTimber.com.
NOT FOR DISTRIBUTION TO CANADIAN NEWSWIRE SERVICES
OR FOR DISSEMINATION IN CANADA
SOURCE CatchMark Timber Trust, Inc.
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