ATLANTA, Jan. 21, 2021 /PRNewswire/ -- CatchMark
Timber Trust, Inc. (NYSE: CTT) announced today the tax
treatment of dividend distributions made in 2020 on the company's
common stock. In 2020, CatchMark paid a total of $0.54 per share in cash dividends.
The following table summarizes the income tax treatment of the
company's 2020 dividends.
2020 Dividend Tax Reporting Information (Form
1099-DIV)
Record
Date
|
Payment
Date
|
Cash
Distribution
Per Share
|
Capital Gain
Distribution
Per Share
|
Non-dividend
Distribution
Per Share
(Return of Capital)
|
02/28/2020
|
03/16/2020
|
$0.135
|
$0.00
|
$0.135
|
05/29/2020
|
06/15/2020
|
$0.135
|
$0.00
|
$0.135
|
08/31/2020
|
09/15/2020
|
$0.135
|
$0.00
|
$0.135
|
11/30/2020
|
12/15/2020
|
$0.135
|
$0.00
|
$0.135
|
|
Total
|
$0.54
|
$0.00
|
$0.54
|
|
|
100%
|
0.00%
|
100%
|
This information is being provided to assist stockholders with
tax reporting requirements related to the company's dividend
distributions. Stockholders should review their Forms 1099-DIV as
well as other 2020 tax statements that they received from their
brokerage firms or other institutions to ensure that the statements
agree with the information provided above. Stockholders are also
encouraged to consult with their tax advisers as to their specific
tax treatment of CatchMark dividends.
About CatchMark
CatchMark (NYSE: CTT) seeks to
deliver consistent and growing per share cash flow from disciplined
acquisitions and superior management of prime timberlands located
in high demand U.S. mill markets. Concentrating on maximizing
cash flows throughout business cycles, the company strategically
harvests its high-quality timberlands to produce durable revenue
growth and takes advantage of proximate mill markets, which provide
a reliable outlet for merchantable inventory. Headquartered in
Atlanta and focused exclusively on timberland ownership and
management, CatchMark began operations in 2007 and owns interests
in 1.5 million acres* of timberlands located in Alabama, Florida, Georgia, North
Carolina, Oregon, South
Carolina and Texas. For more
information, visit www.catchmark.com.
* As of September 30, 2020
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SOURCE CatchMark Timber Trust, Inc.