CatchMark Announces Tax Treatment of 2020 Dividend Distributions

Rhea-AI Summary

CatchMark Timber Trust (NYSE: CTT) reported a total cash dividend distribution of $0.54 per share for 2020. The dividend was paid in four installments of $0.135 each, distributed on March 16, June 15, September 15, and December 15, 2020. All distributions were classified as non-dividend (return of capital), impacting stockholders' tax reporting. The company encourages stockholders to review their Forms 1099-DIV and consult tax advisers for specific treatments.

Positive

• Total cash dividends of $0.54 per share for 2020 support shareholder income.
• Consistent dividend payments reflect company confidence.

Negative

• None.

ATLANTA, Jan. 21, 2021 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE: CTT) announced today the tax treatment of dividend distributions made in 2020 on the company's common stock.  In 2020, CatchMark paid a total of $0.54 per share in cash dividends.

The following table summarizes the income tax treatment of the company's 2020 dividends.

2020 Dividend Tax Reporting Information (Form 1099-DIV)

Record Date	Payment Date	Cash Distribution Per Share	Capital Gain Distribution Per Share	Non-dividend Distribution Per Share (Return of Capital)
02/28/2020	03/16/2020	$0.135	$0.00	$0.135
05/29/2020	06/15/2020	$0.135	$0.00	$0.135
08/31/2020	09/15/2020	$0.135	$0.00	$0.135
11/30/2020	12/15/2020	$0.135	$0.00	$0.135
	Total	$0.54	$0.00	$0.54
		100%	0.00%	100%

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 2020 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 CatchMark
CatchMark (NYSE: CTT) 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, North Carolina, Oregon, South Carolina and Texas. For more information, visit www.catchmark.com.

* As of September 30, 2020

View original content to download multimedia:http://www.prnewswire.com/news-releases/catchmark-announces-tax-treatment-of-2020-dividend-distributions-301212002.html

SOURCE CatchMark Timber Trust, Inc.

FAQ

What was the total dividend per share paid by CatchMark Timber Trust in 2020?

CatchMark Timber Trust paid a total of $0.54 per share in dividends in 2020.

When were the dividends distributed by CatchMark Timber Trust in 2020?

The dividends were paid on March 16, June 15, September 15, and December 15, 2020.

What is the tax treatment of CatchMark Timber Trust's dividends for 2020?

The dividends were categorized as non-dividend distributions (return of capital), which affects tax reporting.

How can stockholders ensure accurate tax reporting for CatchMark Timber Trust's dividends?

Stockholders should review their Forms 1099-DIV and consult with tax advisers for specific tax treatments.