PotlatchDeltic Announces Tax Treatment for CatchMark’s 2022 Dividend Distributions

PotlatchDeltic Corporation (Nasdaq: PCH) has provided details on the tax treatment of CatchMark Timber Trust (NYSE: CTT) dividend distributions for 2022.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Tags

dividends

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

01/18/2023 - 04:45 PM EST

SPOKANE, Wash.--(BUSINESS WIRE)-- PotlatchDeltic Corporation (Nasdaq: PCH) announced today the tax treatment for CatchMark Timber Trust, Inc.’s (NYSE: CTT) dividend distributions made in 2022 on CatchMark’s Common Stock (CUSIP# 14912Y202). In 2022, CatchMark paid a total of $0.15 per share in cash dividends prior to completing its merger with PotlatchDeltic Corporation on September 14, 2022.

The following table summarizes the income tax treatment of the company’s 2022 dividends.

2022 Dividend Tax Reporting Information (Form 1099-DIV)

Record Date	Payable Date	Distribution Per Share	Non-Dividend Distribution
02/28/2022	03/15/2022	$0.075	$0.075
05/31/2022	06/15/2022	$0.075	$0.075
	Total	$0.15	$0.15

This information is being provided to assist stockholders with tax reporting requirements related to the company's dividend distributions. Stockholders should review their Forms 1099-DIV as well as other 2022 tax statements that they received from their brokerage firms or other institutions to ensure that the statements agree with the information provided above. Stockholders are also encouraged to consult with their tax advisers as to their specific tax treatment of CatchMark dividends.

About PotlatchDeltic

PotlatchDeltic (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest practices, is committed to environmental and social responsibility and to responsible governance. More information can be found at www.potlatchdeltic.com.