SPOKANE, Wash., Jan. 13, 2014 (GLOBE NEWSWIRE) -- Potlatch Corporation (Nasdaq:PCH) announced today the tax treatment for its dividend distributions made in 2013 on the company's Common Stock. The total dividend distribution of $1.28 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 2013 dividends:
|2013 Dividend Tax Reporting Information (Form 1099-DIV)|
|Potlatch Corporation Common Stock: PCH|
| Capital Gain Distributions |
(long-term 20% rate)
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 Arkansas, Idaho and Minnesota. 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.
CONTACT: (Investors) Jerry Richards 509-835-1521 (Media) Mark Benson 509-835-1513