VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 13, 2013) - As announced on December 10, 2013, West Fraser (TSX:WFT) declared a stock dividend of one Common share per each issued and outstanding Common share and Class B Common share in the capital of the Company, which has the same effect as a two for one stock split. West Fraser is informing current and prospective shareholders of the "due bill" trading requirements relating to the stock dividend.
The stock dividend is payable on January 13, 2014 to shareholders of record on December 31, 2013. Registered shareholders will be mailed share certificates representing the stock dividend starting January 13, 2014, and non-registered shareholders' brokerage accounts will be credited for the additional shares representing the stock dividend on or about January 13, 2014.
West Fraser's Common shares will be traded in accordance with the "due bill" procedures of the Toronto Stock Exchange ("TSX") from December 27, 2013 through January 13, 2014. This means any trades that are executed on the TSX during this period will be identified to ensure purchasers of West Fraser's Common shares receive the entitlement to the stock dividend, and as a result sellers of Common shares during this period will also sell their entitlement to the stock dividend to the respective purchasers of such Common shares. West Fraser's Common shares will commence trading on an "ex-dividend" basis with respect to the stock dividend on January 14, 2014, and the last day for settlement of trades executed during the due bill trading period will be January 16, 2014, which is the due bill redemption date.
West Fraser is an integrated wood products company producing lumber, wood chips, LVL, MDF, plywood, pulp and newsprint. The Company has operations in western Canada and the southern United States.
West Fraser shares trade on the Toronto Stock Exchange under the symbol: "WFT".