SPOKANE, Wash., Jan. 15, 2013 (GLOBE NEWSWIRE) -- Potlatch Corporation (Nasdaq:PCH) announced today the tax treatment for its dividend distributions made in 2012 on the company's Common Stock. The total dividend distribution of $1.24 per share is classified for income tax purposes as follows: $0.534340 (43.09194%) per share as a Non-Dividend Distribution (return of capital) and $0.705660 (56.90806%) per share as a 15% rate Capital Gain Distribution on the 2012 Form 1099-Div.
The table below summarizes the income tax treatment of the company's 2012 dividends:
|
2012 Dividend Tax Reporting Information (Form 1099-DIV) |
|
Potlatch Corporation Common Stock: PCH |
|
CUSIP# 737630103 |
|
|
|
|
March
Distribution |
June
Distribution |
September
Distribution |
December
Distribution |
Total |
Non-dividend Distributions
(return of capital) |
$0.133585 |
$0.133585 |
$0.133585 |
$0.133585 |
$0.534340 |
Capital Gain Distributions
(long-term 15% rate) |
0.176415 |
0.176415 |
0.176415 |
0.176415 |
0.705660 |
|
Total |
$0.310000 |
$0.310000 |
$0.310000 |
$0.310000 |
$1.240000 |
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 1.43 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.
The Potlatch Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11346
CONTACT: (Investors)
Eric Cremers
509-835-1548
(Media)
Mark Benson
509-835-1513
