PotlatchDeltic Announces Payment of Special Dividend
November 15 2018 - 7:00PM
PotlatchDeltic Corporation (NASDAQ: PCH) today announced payment of
the previously announced $222 million special dividend. The
dividend consisted of approximately 4.8 million shares of common
stock and $44.4 million in cash.
The special dividend is payable to shareholders of record as of
September 27 in connection with the distribution of the accumulated
earnings and profits of Deltic Timber Corporation as of February
20, 2018, the date Deltic merged into a wholly-owned subsidiary of
the company. Based on the shares outstanding on September 27, the
dividend value per share is $3.53809258. The shareholders who
elected to receive the special dividend in cash will receive
$1.04629213 per share in cash and $2.49180045 per share in stock.
Those receiving the dividend in stock will receive $3.53809258 per
share in stock.
After paying the dividend, the company will have approximately
67.6 million common shares outstanding.
About PotlatchDeltic
PotlatchDeltic Corporation (NASDAQ:PCH) is a leading Real Estate
Investment Trust (REIT) that owns nearly 2 million acres of
timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and
Mississippi. Through its taxable REIT subsidiary, the company also
operates six sawmills, an industrial-grade plywood mill, a medium
density fiberboard plant, a residential and commercial real estate
development business and a rural timberland land sales program.
PotlatchDeltic, a leader in sustainable forest practices, is
dedicated to long-term stewardship and sustainable management of
its timber resources. More information can be found at
www.potlatchdeltic.com.
CONTACT:(INVESTORS)Jerry
Richards509-835-1521
(MEDIA)Mark Benson509-835-1513
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