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 $1.50 per share is classified for income tax purposes as a Capital Gain Distribution.
The table below summarizes the income tax treatment of the company's 2016 dividends:
2016 Dividend Tax Reporting Information (Form 1099-DIV)
Potlatch Corporation Common Stock: PCH
|Capital Gain Distributions|
|(long-term 20% rate)||$||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.
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.
(Investors) Jerry Richards 509-835-1521 (Media) Mark Benson 509-835-1513