The Forest Company Ltd announces the declaration of a 3% dividend

Jun 30, 2017 18:56

St Peter Port, Guernsey, 30 June 2017



The Forest Company announces the declaration of a 3% dividend



St Peter Port, Guernsey, 30 June 2017, The Forest Company Limited (the "Company") announces that it has declared an interim dividend of 15.09 US cents per share (the "Dividend"), equal to 3% of the 31 December 2016 Adjusted Net Asset Value per share.


The Company intends to offer a SCRIP dividend alternative in respect of the dividend and will forward to shareholders a Circular and Form of Election regarding the SCRIP dividend alternative in October 2017. A further announcement will be made at that time.


The Ex-Dividend Date is 12 July 2017, the record date is 14 July 2017 and the payment date is 23 November 2017.



About The Forest Company:


The Forest Company combines socially and environmentally responsible forestry investments with unique potential for stable and attractive returns through participation in the value chain of competitive and sustainable industries.


The Forest Company Limited is a closed-ended investment company, incorporated and registered in Guernsey in 2007, to take advantage of investment opportunities in trees, timberland and timber related assets. The Company focuses on forest plantations in areas with high biological growth rates, such as Brazil and Colombia. To date The Forest Company has raised USD 388 million in equity capital through private placements to institutional investors and family offices. Total dividends paid since inception amount to USD 52.5 million. Thus far, the Company has committed capital to five projects, which include both greenfield and standing plantations located in Brazil and Colombia.


The Company aims to build a diversified timberland portfolio in terms of age, class and species that is intended to maximise the risk/return profile. The Company believes that this approach would generate both long-term capital appreciation for shareholders and an attractive income yield. For more information, visit


Timber Capital Limited is the investment manager to The Forest Company.


For additional information, please contact:, The Forest Company, +55 11 3087 1015



This announcement is not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia), Canada, Australia or Japan. This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act").


Securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. 

The Forest Company Ltd announces the declaration of a 3% dividend