CatchMark Timber Trust Lists its Class A Common Shares on the NYSE and Completes its Underwritten Public Offering

CatchMark Timber Trust Lists its Class A Common Shares on the NYSE and Completes its Underwritten Public Offering

CatchMark Timber Trust, Inc., a self-administered, self-managed real estate investment trust (REIT) has announced the completion of its underwritten public offering of 10,526,316 shares of Class A common stock at $13.50 per share.  CatchMark Timber Trust began operations in 2006 and owns interests in 280,000 acres of timberland located on the Lower Piedmont and Upper Coastal Plains of East Central Alabama and West Central Georgia.  Of the 280,000 acres CatchMark owns approximately 247,200 acres and leases approximately 32,800 acres from third parties.  The stock is now listed on the New York Stock Exchange (NYSE) under the symbol ‘CTT’ and the company’s Class B-1, B-2, and B-3 stock will be converted to listed Class A stock in phases.

 

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