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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
January 23, 1998
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Date of Report (Date of Earliest Event Reported)
IP TIMBERLANDS, LTD.
(Exact name of Registrant as specified in its charter)
Texas 1-8859 13-3259241
- --------------- ----------------- ----------------------
(State of (Commission (IRS Employer
Incorporation) File) Identification Number)
Two Manhattanville Road, Purchase, NY 10577
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(Address of Principal executive offices)
914-397-1500
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(Telephone No.)
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
N/A
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
N/A
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
N/A
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
N/A
ITEM 5. OTHER EVENTS
IP Forest Resources, the managing general partner of IP
Timberlands, Ltd., issued a press release on January 20, 1998,
announcing that in accordance with the New York Stock Exchange
rules and regulations, the ex-dividend date for the special
distribution will be February 17, 1998.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
N/A
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements:
N/A
(b) Pro Forma Financial Information:
N/A
(c) Exhibits
(99) Press release dated January 20, 1998.
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ITEM 8. CHANGES IN FISCAL YEAR
N/A
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
IP TIMBERLANDS, LTD.
BY: IP Forest Resources Company
(Managing General Partner)
(Registrant)
Date: January 23, 1998 /S/ CAROL M. SAMALIN
Purchase, NY --------------------
Carol M. Samalin
Assistant Secretary
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Exhibit 99
Media Contacts: Analyst Contacts:
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Phillip Giaramita Carol Tutundgy
(914) 397-1665 (914) 397-1632
Maryanne Rupy
(914) 397-1626
Brian Turcotte
(914) 397-1623
IP TIMBERLANDS, Ltd. ANNOUNCES SPECIAL AND FOURTH-QUARTER
DISTRIBUTIONS WILL GO EX-DIVIDEND ON FEBRUARY 17, 1998
January 20, 1998
PURCHASE, N.Y. - IP Forest Resources Company (IPFR), the managing general
partner of IP Timberlands, Ltd. (IPT), announced today that in accordance
with New York Stock Exchange rules and regulations, the ex-dividend date for
the special distribution of $3.35 per Class A Unit and the fourth-quarter
regular distribution of $.50 per Class A Unit will be February 17, 1998. IPT
unitholders who sell their units on or before February 13, 1998, will not be
entitled to these distributions, which were announced on January 13, 1998.
The payable date remains February 13, 1998.
On February 17, 1998, IPT will be quoted ex-distribution by the New York
Stock Exchange and the price will no longer include the amount of the
distributions.
