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PotlatchDeltic Announces Tax Treatment for CatchMark’s 2022 Dividend Distributions
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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.
CatchMark seeks to deliver consistent and growing per share cash flow from disciplined acquisitions and superior management of prime timberlands located in high demand U.S. mill markets. Concentrating on maximizing cash flows throughout business cycles, the company strategically harvests its high-quality timberlands to produce durable revenue growth and takes advantage of proximate mill markets, which provide a reliable outlet for merchantable inventory. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in 1.5 million acres* of timberlands located in Alabama, Florida, Georgia, Oregon, South Carolina and Texas.
