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Strategic Timber Trust, Inc.
5 North Pleasant Street, New London, NH 03257 * (603) 526-7800
Business Description The company is a real estate investment trust (REIT). The company acquires, owns and manages timberlands and sells timber.
Filing
Information

IPO has been
withdrawn

To Trade As  STG (NYSE) Industry  REIT (SIC 6798)
Type of Stock Offered Common Shares Filing Date  01/27/1999
Domestic Shares Filed 16,600,000 Filing Range  $19.00 - $21.00
Foreign Shares Filed  0 Offering Amount  $332,000,000
Company Shares  16,600,000 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  22,237,975
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Salomon Smith Barney Lead Manager (212) 723-7300
A.G. Edwards & Sons, Inc. Co-manager (314) 955-3039
ABN Amro Roth Co-manager (212) 314-1080
CS First Boston Co-manager (212) 325-2000
Donaldson, Lufkin & Jenrette Securities Corp. Co-manager (212) 371-0641
Morgan Keegan & Company, Incorporated Co-manager (901) 529-5357
Warburg Dillon Read LLC Co-manager (203) 719-4290
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 7 Months Ending
Figures in U.S. millions except per share data             10/09/1998
Revenues   - - - - - - 0.152
Income from Oper.   - - - - - - -
Net Income   - - - - - - -9.514
E.P.S   - - - - - - -
Revenue Growth (%)      - - - -   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     - - -8.86
Cash Flow - Inv.     - - -205.23
Cash Flow - Fin.     - - 215.46
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 10/09/1998 Financial Ratios
Total Assets    261.72 Current Assets    1.72 Current Ratio    0.01
Total Liab.    271.24 Current Liab.    223.40 Debt Ratio    103.63%
Total Equity    -9.51 Working Cap.    -221.68 Debt to Equity Ratio    -
Cash    1.38    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used primarily to repay indebtedness and to redeem the interests of some continuing investors.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Sutherland, Asbill & Brennan
Bank's Law Firm  Andrews & Kurth
Auditor  Arthur Andersen
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Last updated: 09/29/1999 3:52:27 AM
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