Weyerhaeuser announces tax treatment of 2016 distributions

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Jan 17, 2017, 15:15 ET

SEATTLE, Jan. 17, 2017 /PRNewswire/ -- For shareholders of Weyerhaeuser Company (NYSE: WY), the 2016 dividend distributions totaling $1.24 per share on the Common Stock CUSIP 96216610 traded under the symbol WY are classified for income tax purposes as Capital Gain Distributions. The common share dividends were paid quarterly as follows: $0.31 on March 18, 2016; $0.31 on June 24, 2016; $0.31 on September 23, 2016; and $0.31 on November 18, 2016.

The 2016 dividend distributions totaling $1.5938 per share on the Company's 6.375% Mandatory Convertible Preference Shares, Series A, CUSIP 962166872 traded under the symbol WYPRA are classified for income tax purposes as Capital Gain Distributions. The preference share dividends were paid as follows: $0.7969 on April 1, 2016 and $0.7969 on July 1, 2016.

The Company will make supplemental information related to the tax treatment of its 2016 distributions, including alternative minimum tax (AMT) adjustments, available on its website no later than January 30, 2017. The Company expects that a nominal AMT adjustment will be apportioned to shareholders for 2016.

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 more than 13 million acres of timberlands, primarily 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 2015, Weyerhaeuser (including its Cellulose Fibers business) and Plum Creek, on a combined basis, generated approximately $8.5 billion in net sales and employed nearly 14,000 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, 206-539-4406
Analysts – Beth Baum, 206-539-4450

SOURCE Weyerhaeuser Company