Plum Creek Announces Tax Treatment of 2014 Dividend

Plum Creek Timber Company Inc. (NYSE:PCL) today announced the tax treatment for dividend distributions made in 2014 on its Common Stock.

Plum Creek’s total 2014 dividend distribution of $1.76 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 2014 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 2014 dividends:

Plum Creek is among the largest and most geographically diverse private landowners in the nation with approximately 6.6 million acres of timberlands in forest ecosystems across the northern and southeastern United States. We also operate wood products mills in the Northwest. We continue to manage our working forests and lands using sustainable practices to benefit Plum Creek’s many stakeholders. Our talented employees work together to create shareholder value, serve as stewards of the environment, make wood products for everyday use, and build strong communities. Please visit www.plumcreek.com for the latest information about Plum Creek.

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