SEATTLE, Jan. 17, 2017 /PRNewswire/ -- For
shareholders of Weyerhaeuser Company (NYSE: WY), the 2016 dividend
distributions totaling $1.24 per
share on the Common Stock CUSIP 96216610 traded under the symbol WY
are classified for income tax purposes as Capital Gain
Distributions. The common share dividends were paid quarterly as
follows: $0.31 on March 18, 2016; $0.31 on June 24,
2016; $0.31 on September 23, 2016; and $0.31 on November 18,
2016.
The 2016 dividend distributions totaling $1.5938 per share on the Company's 6.375%
Mandatory Convertible Preference Shares, Series A, CUSIP 962166872
traded under the symbol WYPRA are classified for income tax
purposes as Capital Gain Distributions. The preference share
dividends were paid as follows: $0.7969 on April 1,
2016 and $0.7969 on
July 1, 2016.
The Company will make supplemental information related to the
tax treatment of its 2016 distributions, including alternative
minimum tax (AMT) adjustments, available on its website no later
than January 30, 2017. The Company
expects that a nominal AMT adjustment will be apportioned to
shareholders for 2016.
Shareholders are encouraged to consult their tax advisor to
determine the specific effect these distributions may have on their
individual tax situation.
About Weyerhaeuser
Weyerhaeuser Company, one of the
world's largest private owners of timberlands, began operations in
1900. We own or control more than 13 million acres of timberlands,
primarily in the U.S., and manage additional timberlands under
long-term licenses in Canada. We
manage these timberlands on a sustainable basis in compliance with
internationally recognized forestry standards. We are also one of
the largest manufacturers of wood products. Our company is a real
estate investment trust. In February
2016, we merged with Plum Creek Timber Company, Inc. In
2015, Weyerhaeuser (including its Cellulose Fibers business) and
Plum Creek, on a combined basis, generated approximately
$8.5 billion in net sales and
employed nearly 14,000 who serve customers worldwide. We are listed
on the Dow Jones World Sustainability Index. Our common stock
trades on the New York Stock Exchange under the symbol WY. Learn
more at www.weyerhaeuser.com.
For more information contact:
Media – Anthony
Chavez, 206-539-4406
Analysts – Beth Baum, 206-539-4450
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SOURCE Weyerhaeuser Company