RYN Rayonier Inc

Rayonier (NYSE:RYN) today announced the tax reporting information for its 2009 cash distributions (dividend) on its Common Stock.

The dividend, consisting of $2.00 per share, was paid quarterly as follows: $0.50 on March 31, 2009; $0.50 on June 30, 2009; $0.50 on Sept. 30, 2009; and $0.50 on Dec. 31, 2009, is classified for income tax purposes as follows: $1.547599 (77.3799%) Capital Gain Distribution, taxed at a maximum rate of 15 percent; and $0.452401 (22.6201%) Return of Capital.

The following table summarizes the income tax treatment of the company’s 2009 dividend:

2009 Dividend Tax Reporting Information (Form 1099-DIV)

Rayonier Inc. Common Stock: RYN

CUSIP 754907103

 

Record Date

 

 

Payable Date

 

Cash

Distribution

Per Share

 

 

Capital Gain

 

Non-taxable

Distributions

(Return of Capital)

  03/10/2009 03/31/2009 $0.50 $0.386900 $0.113100 06/10/2009 06/30/2009 $0.50 $0.386900 $0.113100 09/10/2009 09/30/2009 $0.50 $0.386900 $0.113100 12/10/2009 12/31/2009 $0.50 $0.386900 $0.113100   Totals: $2.00 $1.547599 $0.452401

Taxability of the company’s 2009 common stock dividend should not be presumed to be indicative or predictive of the taxability of future company dividends.

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

For further information, visit the company’s website at www.rayonier.com. Complimentary copies of Rayonier press releases and other financial documents are available by calling 1-800-RYN-7611.

About Rayonier

Rayonier is a leading international forest products company with three core businesses: Timber, Real Estate and Performance Fibers. The company owns, leases or manages 2.5 million acres of timber and land in the United States and New Zealand. The company’s holdings include approximately 200,000 acres with residential and commercial development potential along the fast-growing Interstate 95 corridor between Savannah, Georgia, and Daytona Beach, Florida. Its Performance Fibers business is one of the world’s leading producers of high-value specialty cellulose fibers. Approximately 40 percent of the company’s sales are outside the U.S. to customers in approximately 40 countries. Rayonier is structured as a real estate investment trust. More information is available at www.rayonier.com.