PotlatchDeltic Announces Tax Treatment for 2022 Dividend Distributions

Rhea-AI Summary

PotlatchDeltic Corporation (NASDAQ: PCH) announced the tax treatment for its 2022 dividend distributions, totaling $2.72 per share, classified entirely as Capital Gain Distributions. Key distribution dates include:

• Record Date: 03/04/2022, Payable Date: 03/31/2022, Distribution: $0.44
• Record Date: 06/03/2022, Payable Date: 06/30/2022, Distribution: $0.44
• Record Date: 09/20/2022, Payable Date: 09/30/2022, Distribution: $0.44
• Record Date: 12/14/2022, Payable Date: 12/30/2022, Distribution: $0.45
• Record Date: 12/21/2022, Payable Date: 12/30/2022, Distribution: $0.95

Shareholders should consult tax advisors for specific treatment.

Positive

• Total dividend distribution of $2.72 per share enhances shareholder income.
• Dividend classified as capital gains may provide favorable tax treatment.

Negative

• None.

SPOKANE, Wash--(BUSINESS WIRE)-- PotlatchDeltic Corporation (Nasdaq: PCH) announced today the tax treatment for its dividend distributions made in 2022 on the company’s Common Stock (CUSIP# 737630103).

The distributions, totaling $2.72 per share, are classified for income tax purposes as 100% Capital Gain Distributions.

The following table summarizes the income tax treatment of the company’s 2022 dividends.

2022 Dividend Tax Reporting Information (Form 1099-DIV)

Record Date	Payable Date	Distribution Per Share	Long-Term Capital Gain (1) (20% Rate)
03/04/2022	03/31/2022	$0.44	$0.44
06/03/2022	06/30/2022	$0.44	$0.44
09/20/2022	09/30/2022	$0.44	$0.44
12/14/2022	12/30/2022	$0.45	$0.45
12/21/2022	12/30/2022	$0.95	$0.95
	Total	$2.72	$2.72

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 nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina. 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/20230118005959/en/

(Investors)

Jerry Richards

509-835-1521

(Media)

Anna Torma

509-835-1558

Source: PotlatchDeltic Corporation

FAQ

What is the 2022 dividend amount for PCH?

PotlatchDeltic's 2022 dividend amount is $2.72 per share.

When is the payable date for the PCH 2022 dividend?

The dividends were payable on dates including March 31, June 30, September 30, and December 30, 2022.

What is the tax treatment of PCH's 2022 dividends?

The 2022 dividends are classified as 100% Capital Gain Distributions.

How often does PotlatchDeltic pay dividends?

PotlatchDeltic typically pays dividends quarterly.

Should shareholders consult regarding tax implications of PCH dividends?

Yes, shareholders are encouraged to consult with their tax advisors about the treatment of distributions.