PotlatchDeltic Announces Tax Treatment for CatchMark’s 2022 Dividend Distributions

Rhea-AI Summary

PotlatchDeltic Corporation (Nasdaq: PCH) has provided details on the tax treatment of CatchMark Timber Trust (NYSE: CTT) dividend distributions for 2022. CatchMark paid a total of $0.15 per share in cash dividends before its merger with PotlatchDeltic on September 14, 2022. The dividend breakdown includes payments of $0.075 on February 28 and May 31.
Investors are encouraged to review their 1099-DIV forms for accuracy and consult tax advisers as needed.

Positive

• Dividend payment of $0.15 per share signals stable cash returns for shareholders.

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• None.

SPOKANE, Wash.--(BUSINESS WIRE)-- PotlatchDeltic Corporation (Nasdaq: PCH) announced today the tax treatment for CatchMark Timber Trust, Inc.’s (NYSE: CTT) dividend distributions made in 2022 on CatchMark’s Common Stock (CUSIP# 14912Y202). In 2022, CatchMark paid a total of $0.15 per share in cash dividends prior to completing its merger with PotlatchDeltic Corporation on September 14, 2022.

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	Non-Dividend Distribution
02/28/2022	03/15/2022	$0.075	$0.075
05/31/2022	06/15/2022	$0.075	$0.075
	Total	$0.15	$0.15

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 2022 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 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/20230118005958/en/

(Investors)

Jerry Richards

509-835-1521

(Media)

Anna Torma

509-835-1558

Source: PotlatchDeltic Corporation

FAQ

What was the total dividend paid by CatchMark Timber Trust in 2022?

CatchMark Timber Trust paid a total of $0.15 per share in dividends in 2022.

When did PotlatchDeltic announce the tax treatment for CatchMark's dividends?

PotlatchDeltic announced the tax treatment for CatchMark's dividends on January 18, 2023.

What are the payable dates for CatchMark's dividends in 2022?

The payable dates were March 15, 2022, and June 15, 2022.

How should shareholders report the CatchMark dividends on their taxes?

Shareholders should review their Forms 1099-DIV and consult with tax advisers regarding the tax treatment of the dividends.