Wells Timberland REIT declares Q4 dividend at rate per share that annualizes to a 2% stock dividend, to be credited to holders in December

Lorena Madrigal

Lorena Madrigal

NORCROSS, Georgia , October 18, 2011 (press release) – The Board of Directors for Wells Timberland REIT Inc. has declared a daily noncompounding stock dividend for stockholders of record during the period from September 16 to December 16, 2011, at a rate per share that annualizes to a 2 percent stock dividend. This stock dividend will be credited to stockholders' accounts in December, 2011.

"We continue to be encouraged by the operating position of the REIT," said Leo Wells, president of Wells Timberland REIT. "The Board is pleased to announce this stock dividend for our stockholders."

Wells Timberland REIT is a public, nontraded REIT that began operations in 2006 and now manages over 300,000 acres of commercial timberland in central Georgia and Alabama. Wells Timberland REIT owns more than 222,000 acres and leases an additional 82,000 acres from third parties. For more information, visit www.WellsTimberland.com.

Wells Timberland REIT is advised by Wells Real Estate Funds. Wells Real Estate Funds is a national real estate investment company founded in suburban Atlanta in 1984. In its history, Wells investment offerings - current and closed - have invested more than $11 billion in real estate for nearly 300,000 investors. Wells was named 2011 ENERGY STAR® Partner of the Year by the Environmental Protection Agency. For more information, visit www.WellsREF.com.

Annualized percentage rate represents only a hypothetical calculation, not a projection or indication of future distributions, which are declared on a quarterly basis. Distributions are not guaranteed.

Wells Timberland REIT will close to new investments on December 31, 2011.

BW-image© 2024 Business Wire, Inc., All rights reserved.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.