Plum Creek Announces Tax Treatment of 2013 Dividends

  Plum Creek Announces Tax Treatment of 2013 Dividends

Business Wire

SEATTLE -- January 10, 2014

Plum Creek Timber Company, Inc. (NYSE:PCL) today announced the tax treatment
for dividend distributions made in 2013 on its Common Stock.

Plum Creek’s total 2013 dividend distribution of $1.74 per share is classified
for income tax purposes as Capital Gain Distributions primarily because the
income generated by the sale of Plum Creek’s timber is considered long-term
capital gain. As such, Plum Creek’s 2013 dividends will be taxed at a capital
gain rate of 20 percent for most U.S. taxpayers.

The table below summarizes the income tax treatment of the company’s 2013
dividends:

2013 Dividend Tax Reporting Information (Form 1099-DIV)
Plum Creek Timber Company, Inc.
Common Stock
CUSIP #729251108
Ticker Symbol: PCL

                                                                      
                March          May            August         November
                                                                      Total
                Distribution   Distribution   Distribution   Distribution
Capital Gain
Distributions
               100%          100%          100%          100%          100%
(long-term
20% rate)
Nondividend
Distributions
               0%            0%            0%            0%            0%
(return of
capital)
Total          100%          100%          100%          100%          100%

Plum Creek is among the largest and most geographically diverse private
landowners in the nation with approximately 6.8 million acres of timberlands
in major timber producing regions of the United States and wood products
manufacturing facilities in the Northwest. For more information, visit
www.plumcreek.com.

Contact:

Plum Creek Timber Company, Inc.
Investors: John Hobbs 1-800-858-5347
Media: Kathy Budinick 1-888-467-3751
 
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