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CatchMark Timber Trust Inc announces exercise of underwriter option

Wednesday, 23 Jul 2014 04:05pm EDT 

CatchMark Timber Trust Inc:Underwriters of 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 about $160 mln, 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. 

Company Quote

0.25 +2.22%
22 Dec 2014