The Amended and Restated Agreement of Limited Partnershipof Rayonier, L.P. can be accessed through this site by clicking here.

Opco’s transfer agent is Computershare. Computershare can be contacted at P.O. Box 43006, Providence RI 02940-3006, United States. For overnight delivery, Computershare’s address is 150 Royall St., Suite 101, Canton, MA 02021, United States. Its telephone number is (800) 659-0158 or, if you are outside of the United States, call (201) 680-6578. Please include your name, address, account number and telephone number with all correspondence. For online inquiries, please visit https://www-us.computershare.com/Investor/#Home.

No.  All Opco units were issued in book-entry form, without physical certificates. 

No.  Opco units are not listed on a national securities exchange and there is no public market for the units.

Rayonier Inc. anticipates that holders of Opco units will receive distributions for each Opco unit equal to those made with respect to each Rayonier Inc. common share.

The merger consideration provided to the Pope unitholders was taxable for any U.S. holder of Pope units to the extent that such holder received cash or Rayonier common shares in the merger. Rayonier shares are listed on the NYSE under the symbol "RYN", and, therefore can be purchased and sold on a public trading market and are generally freely transferable. U.S. holders that received Opco units in the merger are not expected to recognize any income, gain or loss with respect to the Opco units that they received. Additional information regarding a holder’s tax consequences and tax basis is contained in the Form S-4A filed with the SEC on April 2, 2020 under the heading "Material U.S. Federal Income Tax Consequences of the Merger—Tax Consequences of the Merger to U.S. Holders". https://ir.rayonier.com/static-files/465d4764-6b2e-48ef-b559-923cd1670711

Opco units are not listed on any national securities exchange and are not expected to have an active quoted price. Subject to certain restrictions and adjustments, Opco unitholders can have their Opco units redeemed by Opco following a sixty (60) day notice period. Holders making such redemption request generally will receive (at Rayonier’s election) (i) a number of shares of Rayonier common stock equal to the number of Opco units redeemed or (ii) an amount of cash equal to the value of such shares of Rayonier common stock as of the end of such notice period. The Amended and Restated Agreement of Limited Partnership of Rayonier, L.P. filed with the SEC on May 12, 2020 ((the "LP Agreement") https://ir.rayonier.com/static-files/d20ba6e7-a76f-4ca0-86d5-894cfef0d9dd) contains information about each holder’s redemption and other rights, and holders should consult the LP Agreement to determine their rights.

Pursuant to the LP Agreement, Opco unitholders can redeem their Opco units in exchange for cash or, at Rayonier’s option, Rayonier shares on a one-for-one basis by submitting a redemption request form, referred to as a Notice of Redemption. A redemption request is subject to a sixty (60) day notice period and cannot be exercised more than once per quarter. In addition, if an Opco unitholder exercises its redemption right, it must redeem at least 1,000 Opco units, unless the holder owns fewer Opco units, in which case such holder must redeem all of Opco units held.

Send a Notice of Redemption to Rayonier. To redeem their Opco units, Opco unitholders are required to send a Notice of Redemption to Rayonier at investorrelations@rayonier.com, specifying the number of units proposed to be redeemed.

You should review carefully the LP Agreement, including the redemption provisions in Section 8.6, to understand the procedures to follow to effect any redemption of your Opco units.

Opco unitholders may generally transfer their Opco units to the following persons without Rayonier’s consent:

• Family members, including spouses, children, brothers and sisters and in-laws (and any LLC or trust of which such person is the sole beneficiary);
• Any 501(c)(3) charitable organization; and
• Any entity that is an affiliate or controlled by the transferor.

"Affiliates" of a transferor include entities that are controlled by the transferor, that control the transferor, or that are under common control with the transferor.

However, prior to any transfer of their Opco units, including to their family members, charities and their affiliates, Opco unitholders should contact Rayonier at investorrelations@rayonier.com.

Rayonier’s prior consent is required for any other proposed transfer, and Rayonier may withhold its consent for any reason.

You should review carefully the LP Agreement, including the transfer provisions in Section 11.3, to determine whether Rayonier’s consent is required for, and the procedures to follow to effect, any proposed transfer.

Provided Rayonier has consented to the transfer, if applicable, Opco unitholders may transfer their Opco units by means of an assignment agreement mutually agreed between the existing unitholder and the transferee. You should notify Rayonier at investorrelations@rayonier.com of any valid transfer so that it can be reflected in the transfer books of Rayonier, L.P. and so that you and the transferee can provide a Certificate of Non-Foreign Status.

You should review carefully the LP Agreement, including the transfer provisions in Section 11.3, to determine whether Rayonier’s consent is required for, and the procedures to follow to effect, any proposed transfer.