PotlatchDeltic Announces Tax Treatment for 2021 Dividend Distributions

Rhea-AI Summary

PotlatchDeltic Corporation (NASDAQ: PCH) announced the tax treatment for its 2021 dividend distributions totaling $5.67 per share. The breakdown includes 68.25% as capital gains, 3.11% as qualified dividends, and 28.63% as non-dividend distributions. Key dates include the record date of March 5, 2021 and payment dates ranging from March 31 to December 31, 2021. Shareholders are advised to consult tax advisors for specific treatment of these distributions, which may impact their tax filings.

Positive

• Total dividend of $5.67 per share enhances shareholder income.
• Significant portion (68.25%) classified as capital gains, potentially beneficial for investors.

Negative

• None.

SPOKANE, Wash.--(BUSINESS WIRE)-- PotlatchDeltic Corporation (Nasdaq: PCH) announced today the tax treatment for its dividend distributions made in 2021 on the company’s Common Stock (CUSIP# 737630103).

The distributions, totaling $5.67 per share, are classified for income tax purposes as 68.2507% Capital Gain Distributions, 3.1147% Qualified Dividends, and 28.6346% Non-dividend Distributions (return of capital).

The following table summarizes the income tax treatment of the company’s 2021 dividends.

2021 Dividend Tax Reporting Information (Form 1099-DIV)

Record Date	Payable Date	Distribution Per Share	Long-Term Capital Gain (1) (20% Rate)	Qualified Dividend	Non-dividend (Return of Capital)
03/05/2021	03/31/2021	$0.41	$0.279828	$0.012770	$0.117402
06/04/2021	06/30/2021	$0.41	$0.279828	$0.012770	$0.117402
09/15/2021	09/30/2021	$0.41	$0.279828	$0.012770	$0.117402
12/15/2021	12/31/2021	$0.44	$0.300303	$0.013705	$0.125992
12/22/2021	12/31/2021	$4.00	$2.730028	$0.124588	$1.145384
	Total	$5.67	$3.869815	$0.176603	$1.623582

Shareholders are encouraged to consult with their tax advisors as to their specific treatment of PotlatchDeltic distributions.

(1) Form 1099-DIV box 2a. Pursuant to Treas. Reg. § 1.1061-6(c), the one-year and three-year amounts disclosures are $0.00 with respect to direct and indirect holders of “applicable partnership interests,” as all capital gain dividends relate to IRC Section 1231 gains.

About PotlatchDeltic

PotlatchDeltic (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns approximately 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220118006160/en/

(Investors)

Jerry Richards

509-835-1521



(Media)

Anna Torma

509-835-1558

Source: PotlatchDeltic Corporation

FAQ

What is the total dividend amount for PotlatchDeltic in 2021?

The total dividend amount for PotlatchDeltic Corporation in 2021 was $5.67 per share.

What percentage of the 2021 dividends are capital gains?

68.25% of the 2021 dividends are classified as capital gains.

When were the dividends payable for PotlatchDeltic in 2021?

Dividends were payable on various dates in 2021, including March 31, June 30, September 30, and December 31.

What should shareholders consider regarding tax treatment of dividends?

Shareholders should consult their tax advisors for specific treatment concerning the tax implications of the dividends.

What percentage of the 2021 dividends are non-dividend distributions?

28.63% of the 2021 dividends are classified as non-dividend distributions, which is a return of capital.