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CatchMark Announces Pricing of Public Offering of Class A Common Stock

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ATLANTA, March 14, 2018 /PRNewswire/ -- CatchMark Timber Trust, Inc. (CatchMark) today has priced its upsized underwritten offering of 5,000,000 shares of its Class A common stock at $12.60 per share.  The offering was upsized from the previously announced offering size of 4,500,000 shares of Class A common stock. The offering is expected to close on March 16, 2018, subject to customary closing conditions. The underwriters have a 30-day option to purchase up to an additional 750,000 shares of Class A common stock in the offering solely to cover overallotments, if any.

CatchMark Timber Trust, Inc. (PRNewsFoto/CatchMark Timber Trust, Inc.)

Raymond James, Citigroup, Stifel, and RBC Capital Markets are serving as joint book-running managers 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: prospectus@raymondjames.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146); Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, telephone: (855) 300-7136, email: SyndProspectus@stifel.com; or RBC Capital Markets, LLC, Three World Financial Center, 200 Vesey Street, 8th floor, New York, New York 10281, Attention: Equity Syndicate or by calling toll free at (877) 822-4089.

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 520,800 acres* of timberlands located in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas. For more information, visit www.catchmark.com.

*As of December 31, 2017

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SOURCE CatchMark Timber Trust, Inc.

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