Wells Timberland REIT declares Q4 dividend at rate per share that annualizes to a 2% stock dividend, to be credited to holders in December
October 18, 2011
– 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.
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