Weyerhaeuser Announces Tax Treatment of 2023 Distributions

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Weyerhaeuser Company (NYSE: WY) has reported its 2023 dividend tax reporting information, with a total distribution of $1.66 per share. The company's tax return for the year ended December 31, 2023, has not been filed yet. Shareholders are advised to consult their tax advisor for the specific effects of these distributions on their individual tax situation.

SEATTLE, Jan. 16, 2024 /PRNewswire/ -- For shareholders of Weyerhaeuser Company (NYSE: WY), the 2023 distributions on the Common Stock CUSIP 96216610 traded under the symbol WY totaling $1.66 per share are designated for income tax purposes as follows:

2023 Dividend Tax Reporting Information (Form 1099-DIV)

Record Date	Payable Date	Cash Distribution per Share	Capital Gain Distribution (1)	Qualified Dividend	Nondividend Distribution
02/15/2023	02/27/2023	$0.900000	$0.900000	$0.000000	$0.000000
03/03/2023	03/17/2023	$0.190000	$0.190000	$0.000000	$0.000000
06/02/2023	06/16/2023	$0.190000	$0.190000	$0.000000	$0.000000
09/01/2023	09/15/2023	$0.190000	$0.190000	$0.000000	$0.000000
12/01/2023	12/15/2023	$0.190000	$0.190000	$0.000000	$0.000000
	Totals	$1.660000	$1.660000	$0.000000	$0.000000

The company's tax return has not been filed for the year ended December 31, 2023. The dividend income tax allocations presented herein have been calculated using the best available information to date and could change upon the filing of the company's tax return.

The company's 2023 distributions are designated as capital gain distributions. As a result, the distributions are not eligible for the 20 percent qualified business income deduction under section 199A of the Internal Revenue Code.

Shareholders are encouraged to consult their tax advisor to determine the specific effect these distributions may have on their individual tax situation.

⁽¹⁾ For the purposes of section 1061 of the Internal Revenue Code, the company is disclosing that both the One Year and Three Year amounts are $0.00/share. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests."

ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood products in North America. Our company is a real estate investment trust. In 2022, we generated $10.2 billion in net sales and employed approximately 9,200 people who serve customers worldwide. Our common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.

For more information contact:
Analysts – Andy Taylor, 206-539-3907
Media – Nancy Thompson, 919-861-0342

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SOURCE Weyerhaeuser Company

FAQ

What is the total distribution per share for Weyerhaeuser Company in 2023?

The total distribution per share for Weyerhaeuser Company in 2023 is $1.66.

What are the record date and payable date for the 2023 distributions for Weyerhaeuser Company?

The record date is 02/15/2023, and the payable date is 02/27/2023 for the 2023 distributions for Weyerhaeuser Company.

Are the 2023 distributions for Weyerhaeuser Company eligible for the 20 percent qualified business income deduction under section 199A of the Internal Revenue Code?

No, the 2023 distributions for Weyerhaeuser Company are not eligible for the 20 percent qualified business income deduction under section 199A of the Internal Revenue Code.

Has Weyerhaeuser Company filed its tax return for the year ended December 31, 2023?

No, Weyerhaeuser Company's tax return for the year ended December 31, 2023, has not been filed yet.

What is the company disclosing about section 1061 of the Internal Revenue Code?

For the purposes of section 1061 of the Internal Revenue Code, the company is disclosing that both the One Year and Three Year amounts are $0.00/share.