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Press release from Business Wire

Plum Creek Announces Tax Treatment of 2010 Dividend

Tuesday, January 11, 2011

Plum Creek Announces Tax Treatment of 2010 Dividend16:05 EST Tuesday, January 11, 2011 SEATTLE (Business Wire) -- Plum Creek Timber Company, Inc. (NYSE:PCL) today announced the tax treatment for dividend distributions made in 2010 on its Common Stock. For shareholders of Plum Creek Timber Company, Inc. stock, the total dividend distribution of $1.68 per share is classified for income tax purposes as Capital Gain Distribution, taxed at a maximum rate of 15 percent. The table below summarizes the income tax treatment of the company's 2010 dividends: 2010 Dividend Tax Reporting Information (Form 1099-DIV) Plum Creek Timber Company, Inc. Common Stock CUSIP #729251108 Ticker Symbol: PCL     March Distribution   May Distribution   August Distribution   November Distribution   Total Capital Gain Distributions (long-term 15% rate)   100%   100%   100%   100%   100% Nondividend Distributions (return of capital)   0%   0%   0%   0%   0% Total   100%   100%   100%   100%   100% Plum Creek is the largest and most geographically diverse private landowner in the nation with approximately 7 million acres of timberlands in major timber producing regions of the United States and wood products manufacturing facilities in the Northwest. For more information, visit Plum Creek Timber Company, Inc.Investors: John Hobbs, 1-800-858-5347Media: Kathy Budinick, 1-888-467-3751