PR Newswire | Jan 14, 2021 04:30PM EST

01/14 15:30 CST

Weyerhaeuser Announces Tax Treatment of 2020 Distributions SEATTLE, Jan. 14, 2021

SEATTLE, Jan. 14, 2021 /PRNewswire/ -- For shareholders of Weyerhaeuser Company (NYSE: WY), the 2020 dividend distributions totaling $0.51 per share on the Common Stock CUSIP 96216610 traded under the symbol WY are classified for income tax purposes as Capital Gain Distributions, which are treated as long-term capital gain. The common share dividends were paid as follows: $0.34 on March 20, 2020; and $0.17 on December 18, 2020.

Because the company's dividend distributions are characterized as capital gains, they are not eligible for the 20 percent qualified business income deduction (Section 199A deduction).

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

ABOUT WEYERHAEUSERWeyerhaeuser 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 2019, we generated $6.6 billion in net sales and employed approximately 9,400 people who serve customers worldwide. We are listed on the Dow Jones Sustainability North America Index. 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 - Beth Baum, 206-539-3907Media - Nancy Thompson, 919-861-0342

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SOURCE Weyerhaeuser Company