Acadian Timber Corp. Announces Election of Directors

Company Overview - Acadian Timber Corp. is one of the largest timberland owners in Eastern Canada and the Northeastern U.S., managing approximately 2.4 million acres of land [3] - The company owns about 775,000 acres of freehold timberlands in New Brunswick and 300,000 acres in Maine, in addition to providing timber services for approximately 1.3 million acres of Crown licensed timberlands in New Brunswick [3] - Acadian's primary business includes forest management and the production of timber products such as softwood and hardwood sawlogs, pulpwood, and biomass by-products, serving around 90 regional customers [3] Business Strategy - The company's strategy focuses on maximizing cash flows from existing timberland assets through sustainable forest management and other land use activities [4] - Acadian aims to grow its business by acquiring assets and actively managing these assets to enhance performance [4] Recent Corporate Governance - The nominees listed in the management proxy circular for the 2025 Annual Meeting of Shareholders were elected as directors, with high approval rates for each nominee [1][2] - The voting results showed that Malcolm Cockwell received 99.69% approval, Heather Fitzpatrick 99.83%, and Erika Reilly 99.85%, indicating strong shareholder support [2]