SEATTLE, Jan. 17,
2023 /PRNewswire/ -- For shareholders of Weyerhaeuser
Company (NYSE: WY), the 2022 distributions totaling $2.17 per share on the Common Stock CUSIP
96216610 traded under the symbol WY are designated for income tax
purposes as follows:
2022 Dividend Tax Reporting
Information (Form 1099-DIV)
Record
Date
|
Payable
Date
|
Cash
Distribution
per Share
|
Capital Gain
Distribution (1)
|
Qualified
Dividend
|
Nondividend
Distribution
|
02/18/2022
|
02/28/2022
|
$1.450000
|
$1.062156
|
$0.045449
|
$0.342395
|
03/04/2022
|
03/18/2022
|
$0.180000
|
$0.131854
|
$0.005642
|
$0.042504
|
06/03/2022
|
06/17/2022
|
$0.180000
|
$0.131854
|
$0.005642
|
$0.042504
|
09/02/2022
|
09/16/2022
|
$0.180000
|
$0.131854
|
$0.005642
|
$0.042504
|
12/02/2022
|
12/16/2022
|
$0.180000
|
$0.131854
|
$0.005642
|
$0.042504
|
|
Totals
|
$2.170000
|
$1.589572
|
$0.068017
|
$0.512411
|
The company's tax return has not been filed for the year ended
December 31, 2022. The dividend
income tax allocations presented herein have been calculated using
the best available information to date and as a result could change
upon the filing of the company's tax return.
Because a portion of the company's 2022 distributions are
designated as capital gain distributions and qualified dividends,
they are not eligible for the 20 percent qualified business income
deduction (Section 199A deduction).
The company will make supplemental information related to the
tax treatment of its 2022 distributions, including Form 8937,
available on its website no later than January 30, 2023.
The company anticipates that the tax treatment of its 2023
distributions may have a non-dividend component due to the
supplemental dividend that it expects to declare and pay in the
first quarter 2023.
Shareholders are encouraged to consult their tax advisor to
determine the specific effect these distributions may have on their
individual tax situation.
(1) For 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 2021, 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.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
concerning the company's expected 2023 distributions. These
forward-looking statements are based on our current expectations
and assumptions, the accuracy of which are subject to a number of
risks and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.
These risks and uncertainties include, but are not limited to,
those identified in our 2021 Annual Report on Form 10-K, as well as
those set forth from time to time in our other public statements,
reports, registration statements, prospectuses, information
statements and other filings with the SEC. It is not possible to
predict or identify all risks and uncertainties that might affect
the accuracy of our forward-looking statements and, consequently,
our descriptions of such risks and uncertainties should not be
considered exhaustive. Forward-looking statements speak only as of
the date they are made, and we undertake no obligation to publicly
update or revise any forward-looking statements, whether because of
new information, future events, or otherwise.
For more information contact:
Analysts –
Andy Taylor, 206-539-3907
Media – Nancy Thompson,
919-861-0342
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SOURCE Weyerhaeuser Company