SPOKANE, Wash., Jan. 12, 2017 (GLOBE NEWSWIRE) -- Potlatch Corporation (NASDAQ:PCH) announced today the tax treatment for its dividend distributions made in 2016 on the company’s Common Stock. The total dividend distribution of $1.50 per share is classified for income tax purposes as a Capital Gain Distribution.
The table below summarizes the income tax treatment of the company’s 2016 dividends:
2016 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) | $ | 0.375 | $ | 0.375 | $ | 0.375 | $ | 0.375 | $ | 1.50 |
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 1.4 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. For more information about the company, visit our website at www.potlatchcorp.com.