Vanguard Reports Ownership in International Paper Company

The Vanguard Group, Inc. disclosed its holding in the International Paper Company via a public opening position disclosure as required by Rule 8.3 of the Takeover Code. As of May 9, 2024, Vanguard holds an ownership stake of approximately 11.73% in International Paper, translating to 40,735,181 shares. This position underscores Vanguard’s significant interest in one of the leading paper and packaging companies.

The disclosure also included details of Vanguard's recent trading activities involving International Paper's common stock. On the disclosed dates, Vanguard purchased 4,450 shares and sold 1,305 shares, both transactions at a price of $39.84 per unit. The dealings reflect ongoing adjustments in Vanguard's investment portfolio concerning this specific entity.

Furthermore, additional details clarified that there are no indemnity or dealing arrangements in place that could influence the buying or selling decisions concerning International Paper's securities. Vanguard’s involvement continues to be purely investment-driven, without any formal agreements affecting the voting rights of the securities owned or dealing strategies pertaining to derivatives referenced to these securities.