Palm Beach, FL—Chatham
Lodging Trust (the “Company”) (NYSE: CLDT) today announced the partial exercise
of the underwriters’ over-allotment option to purchase an additional 475,823
common shares of beneficial interest, $0.01 par value per share, at the public
offering price of $16.35 per share less the underwriting discount.
The over-allotment option, which will provide additional
gross proceeds of $7,779,706 to the Company, prior to deduction of the
underwriting discount and offering expenses, was exercised in connection with
the Company’s public offering of 4,500,000 common shares, which priced on June
13, 2013.
The issuance of
shares pursuant to the over-allotment option closed on June 28, 2013.
For a complete
copy of the company’s news release, please contact:
Media
Daly Gray Public Relations
Jerry Daly, 703-435-6293
or
Chatham Lodging Trust
Dennis Craven, 561-227-1386
Chief Financial Officer
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