Rayonier Announces Tax Treatment of 2020 Dividends

Rhea-AI Summary

Rayonier (NYSE:RYN) announced the tax treatment for its 2020 dividends totaling $1.08 per share, which were distributed quarterly at $0.27 on March 31, June 30, September 30, and December 31, 2020. These dividends are classified as 100% Capital Gain Distribution for tax purposes. Shareholders are advised to consult their tax advisers regarding their specific tax implications. Rayonier is a leading timberland REIT, with approximately 2.7 million acres of timberlands in the U.S. and New Zealand.

Positive

• Total dividend for 2020 is $1.08 per share, providing attractive income for shareholders.
• Dividends classified as 100% Capital Gain Distribution, potentially favorable for investors.

Negative

• None.

Rayonier Inc. (NYSE:RYN) announced today the tax treatment of the Company’s 2020 dividend distribution on its Common Stock CUSIP 754907103.

The dividends, totaling $1.08 per share, were paid quarterly as follows: $0.27 on March 31, 2020; $0.27 on June 30, 2020; $0.27 on September 30, 2020; and $0.27 on December 31, 2020. The $1.08 per share dividend is classified for income tax purposes as 100% Capital Gain Distribution and 0% Non-dividend Distribution. The following table summarizes the income tax treatment of the Company’s 2020 dividends.

2020 Dividend Tax Reporting Information (Form 1099-DIV)

Record Date	Payable Date	Cash Distribution per Share	Capital Gain Distribution(1)	Non-dividend Distribution(2)
03/17/2020	03/31/2020	$0.27	$0.27	$0.00
06/16/2020	06/30/2020	$0.27	$0.27	$0.00
09/16/2020	09/30/2020	$0.27	$0.27	$0.00
12/17/2020	12/31/2020	$0.27	$0.27	$0.00
	Totals:	$1.08	$1.08	$0.00

Tax treatment of the Company’s 2020 common stock dividends should not be presumed to be indicative or predictive of the tax treatment of future Company dividends.

Shareholders are encouraged to consult with their tax advisers as to their specific tax treatment of Rayonier dividends.

⁽¹⁾ Form 1099-DIV box 2a. Pursuant to Treas. Reg. § 1.1061-6(c), the Company is reporting that for purposes of section 1061 of the Internal Revenue Code the One Year Amounts Disclosure and the Three Year Amounts Disclosure are $0.00 with respect to direct and indirect holders of “applicable partnership interests.”

⁽²⁾ Form 1099-DIV box 3

For further information, visit the Company’s website at www.rayonier.com.

About Rayonier

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of September 30, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.75 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (416,000 acres). The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres. On a “look-through basis”, the Company’s ownership in the timber fund business equates to approximately 17,000 acres. More information is available at www.rayonier.com.

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FAQ

What is the total dividend amount for Rayonier in 2020?

Rayonier's total dividend amount for 2020 is $1.08 per share.

What is the tax classification of Rayonier's 2020 dividends?

The 2020 dividends are classified as 100% Capital Gain Distribution.

When were the dividends paid by Rayonier in 2020?

The dividends were paid quarterly on March 31, June 30, September 30, and December 31.

Should I consult a tax adviser regarding Rayonier's dividends?

Yes, shareholders are encouraged to consult their tax advisers for specific tax treatment.