Press release from PR Newswire
Weyerhaeuser Announces Tax Treatment of 2013 Distributions
Monday, January 13, 2014
Weyerhaeuser Announces Tax Treatment of 2013 Distributions08:30 EST Monday, January 13, 2014
FEDERAL WAY, Wash., Jan. 13, 2014 /PRNewswire/ -- For shareholders of Weyerhaeuser Company (NYSE: WY), the total dividend distributions made in 2013 per share of Common Stock Cusip 96216610 traded under the symbol WY are to be classified for income tax purposes as Capital Gain Distributions.
The common share dividends, totaling $.81 per share, were paid quarterly as follows: $0.17 on March 15, 2013; $0.20 on May 31, 2013; $0.22 on September 13, 2013; and $0.22 on November 27, 2013. These dividends are classified for income tax purposes as 100% Capital Gain Distributions.
The total dividend distributions made in 2013 per share of the company's 6.375% Mandatory Convertible Preference Shares, Series A, Cusip 962166872 traded under the symbol WYPRA are to be classified for income tax purposes as Capital Gain Distributions.
The preference share dividends, totaling $1.6557 per share, were paid as follows: $0.8588 on October 1, 2013; and $0.7969 on January 1, 2014. These dividends are classified for income tax purposes as 100% Capital Gain Distributions received by the shareholder in 2013.
Shareholders are encouraged to consult their tax advisor to determine the specific effect these distributions may have on their individual tax situation.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control nearly 7 million acres of timberlands, primarily in the U.S., and manage another 14 million acres 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 and cellulose fibers products, and we develop real estate, primarily as a builder of single-family homes. Our company is a real estate investment trust. In 2012, we generated $7.1 billion in sales and employed approximately 13,200 people 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, 253-924-7148Analysts ? Kathryn McAuley, 253-924-2058