ATLANTA, July 23, 2014 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE: CTT) today announced the underwriters of its previously announced public offering of Class A common stock, which closed on July 11, 2014, have exercised in full their option to purchase up to an additional 1,875,000 shares. Including the exercise of the option, CatchMark has sold in the offering a total of 14,375,000 shares, resulting in net proceeds of approximately $160 million, after deducting underwriting discounts and commissions and offering expenses payable by CatchMark.
Raymond James, Stifel and Baird are serving as joint book-running managers for the offering. Janney Montgomery Scott is serving as a co-manager for the offering.
A copy of the final prospectus and prospectus supplement for the offering may be obtained by visiting the SEC website at www.sec.gov or by contacting: Raymond James & Associates, Inc., Attention: Syndicate Department, 880 Carillon Parkway, St. Petersburg, FL 33716, telephone: (800) 248-8863, email: prospectus@raymondjames.com; Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, telephone: (855) 300‐7136, email: SyndProspectus@stifel.com; or Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Ave., Milwaukee, Wisconsin 53202, telephone: (800) 792-2473, email: syndicate@rwbaird.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security, 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
Headquartered in Atlanta, CatchMark Timber Trust, Inc. is a self-administered and self-managed publicly traded REIT that began operations in 2007 and owns interests in approximately 320,400 acres* of timberland located in Georgia, Alabama and Texas. Listed on the NYSE (CTT), CatchMark provides institutions and individuals an opportunity to invest in a public company focused exclusively on timberland ownership with an objective of producing stockholder returns from sustainably recurring harvests. For more information, visit www.catchmark.com.
* As of June 30, 2014.
SOURCE CatchMark Timber Trust, Inc.
