SPOKANE, Wash., Jan. 15, 2016 (GLOBE NEWSWIRE) -- Potlatch Corporation (NASDAQ:PCH) announced today the tax treatment for its dividend distributions made in 2015 on the company's Common Stock. The total dividend distribution of $1.50 per share is classified for income tax purposes as follows: $1.280308 (85.35387%) per share as a Capital Gain Distribution and $0.219692 (14.64613%) per share as a Non-dividend Distribution (return of capital).
The table below summarizes the income tax treatment of the company's 2015 dividends:
2015 Dividend Tax Reporting Information (Form 1099-DIV)
Potlatch Corporation Common Stock: PCH
CUSIP# 737630103
| | March
Distribution | June
Distribution | September
Distribution | December
Distribution |
Total |
Capital Gain Distributions
(long-term 20% rate) | $ | 0.320077 | | $ | 0.320077 | | $ | 0.320077 | | $ | 0.320077 | | $ | 1.280308 | |
Non-dividend Distribution
(return of capital) | | 0.054923 | | | 0.054923 | | | 0.054923 | | | 0.054923 | | | 0.219692 | |
| Total | $ | 0.375000 | | $ | 0.375000 | | $ | 0.375000 | | $ | 0.375000 | | $ | 1.500000 | |
Shareholders are encouraged to consult with their tax advisors regarding the tax treatment for their Potlatch distributions.
ABOUT POTLATCH
Potlatch is a Real Estate Investment Trust (REIT) with approximately 1.6 million acres of timberland in Alabama, Arkansas, Idaho, Minnesota and Mississippi. Potlatch, a verified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary. More information about Potlatch can be found on the company's website at www.potlatchcorp.com.
Contact:
(Investors)
Jerry Richards
509-835-1521
(Media)
Mark Benson
509-835-1513