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Potlatch Announces Tax Treatment for 2015 Dividend Distributions

SPOKANE, Wash., Jan. 15, 2016 (GLOBE NEWSWIRE) -- Potlatch Corporation (NASDAQ:PCH) announced today the tax treatment for its dividend distributions made in 2015 on the company’s Common Stock. The total dividend distribution of $1.50 per share is classified for income tax purposes as follows: $1.280308 (85.35387%) per share as a Capital Gain Distribution and $0.219692 (14.64613%) per share as a Non-dividend Distribution (return of capital).

The table below summarizes the income tax treatment of the company’s 2015 dividends:

2015 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)
$0.320077 $0.320077 $0.320077 $0.320077 $1.280308
Non-dividend Distribution
(return of capital)
0.054923 0.054923 0.054923 0.054923 0.219692
Total$0.375000 $0.375000 $0.375000 $0.375000 $1.500000

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 1.6 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. More information about Potlatch can be found on the company’s website at www.potlatchcorp.com.

Contact: (Investors) Jerry Richards 509-835-1521 (Media) Mark Benson 509-835-1513

Source:Potlatch Corporation