News
Canfor spins

Canfor is planning to spin off another chunk of its pulp operations to stockholders, Canadian Press reported.

Canfor is planning to spin off another chunk of its pulp operations to stockholders, Canadian Press reported.

According to terms of the plan, shareholders will be on the receiving end of 1.49 Canfor Pulp Income Fund units for every 10 Canfor Corp. shares held, while Canfor will retain ownership of 50.1% in the Canfor Pulp Limited Partnership.

“This significant distribution provides Canfor’s shareholders with greater ability to manage their participation in the Canfor Pulp Income Fund,” CP reported CEO Jim Shepherd as saying.