The Vanguard Group, Inc. Reports Ownership in International Paper Company

The Vanguard Group, Inc., one of the world's largest investment management companies, disclosed its substantial position in International Paper Company, as required under Rule 8.3 of the Takeover Code. The filing, submitted on May 9, 2024, details The Vanguard Group's interests which have crossed the threshold of 1%, necessitating a public announcement.

According to the disclosure, The Vanguard Group owns 40,732,036 shares in International Paper Company, representing an 11.73% interest. On May 8, 2024, just prior to the reporting, transactions involving these securities were recorded. Specifically, The Vanguard Group engaged in both the purchase and sale of shares, with 9,146 shares bought and 10,707 shares sold, both transactions occurring at a price of 39.28 USD per unit.

The report concludes by confirming there are no indemnity or other dealing arrangements associated with this position. Additionally, there have been no changes relating to voting rights under any options or derivatives that would affect the reported position in International Paper Company.