Weyerhaeuser announces tax treatment of 2017 distributions

SEATTLE, Jan. 16, 2018 /PRNewswire/ -- For shareholders of Weyerhaeuser Company (NYSE: WY), the 2017 dividend distributions totaling $1.25 per share on the Common Stock CUSIP 96216610 traded under the symbol WY are classified for income tax purposes as Capital Gain Distributions treated as long-term capital gain. The common share dividends were paid quarterly as follows: $0.31 on March 17, 2017; $0.31 on June 23, 2017; $0.31 on September 22, 2017; and $0.32 on December 15, 2017.

The Company will make supplemental information related to the tax treatment of its 2017 distributions, including alternative minimum tax (AMT) adjustments, available on its website no later than January 30, 2018. The Company expects that a nominal AMT adjustment will be apportioned to shareholders for 2017.

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 nearly 13 million acres of timberlands 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 2016, we generated approximately $6.4 billion in net sales and employed nearly 10,400 who serve customers worldwide. We are listed on the North American and World Dow Jones Sustainability Indices. 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

 

View original content with multimedia:http://www.prnewswire.com/news-releases/weyerhaeuser-announces-tax-treatment-of-2017-distributions-300583410.html

SOURCE Weyerhaeuser Company

Copyright 2018 PR Newswire