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CatchMark Timber Trust Inc. completed its underwritten public offering of 4.6 million shares of class A common stock at $12.35 per share for gross proceeds of roughly $56.8 million.
The total number of shares sold includes the full exercise of the underwriters' overallotment option to acquire 600,000 additional shares.
Raymond James, Stifel and RBC Capital Markets acted as joint book-running managers, with FBR Capital Markets & Co. acting as lead manager for the offering.