Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SLVM | Common Stock, par value $1.00 per share | Other | $0 | -80.1 | -80.1% | $0.00 | 19.9 | Sep 15, 2021 | Direct | F1, F2 |
Id | Content |
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F1 | The record date for International Paper Company's ("IP") distribution of shares of common stock of Sylvamo Corporation ("Sylvamo") was 5:00 p.m. NYC time on September 15, 2021. IP will distribute approximately 80.1% of the shares of Sylvamo common stock it owns on a pro rata basis to IP shareholders as of the record date. IP currently owns 100 shares of Sylvamo common stock. The distribution date will be October 1, 2021. |
F2 | The actual number of shares of Sylvamo common stock to be distributed by IP will be based on the distribution ratio of one share of Sylvamo common stock for every 11 shares of IP common stock held by record holders on the record date. |