Core Points - Rayonier Inc. announced a special dividend of $1.40 per common share, payable on December 12, 2025, to shareholders of record on October 24, 2025 [1] - Shareholders had the option to elect to receive the dividend entirely in cash or in common shares, with cash distribution limited to 25% of the special dividend [2] - The total cash distribution will amount to approximately $54 million, alongside approximately 7.5 million common shares, calculated based on a trading price of $21.5073 per share [3] Dividend Election Details - Shareholders who did not make an election by November 28, 2025, will receive $0.35 per share in cash and $1.05 per share in common shares [2] - Holders of operating partnership units will receive a distribution of $0.35 in cash and $1.05 per unit in operating partnership units [5] - For shareholders electing to receive the dividend in all shares, the payment will be made in common shares, while those opting for all cash will receive $0.41354454 per share in cash and $0.98645546 per share in common shares [9] Company Overview - Rayonier is a leading timberland real estate investment trust, owning or leasing approximately 2.0 million acres of timberlands in the U.S. South and U.S. Pacific Northwest as of September 30, 2025 [6]