Date: Thu, 20 Nov 1997 21:26:11 GMT Server: Apache/1.1.1 Content-type: text/html Set-Cookie: Apache=heart172880061171147; path=/ Content-length: 2775 Last-modified: Tue, 04 Mar 1997 21:58:49 GMT
Class A Units are listed on the New York Stock Exchange under the ticker symbol LOG. They are generally listed by the financial press on composite transactions from the NYSE under the name RayTmbLP.
There were approximately 1,805 unitholders of record of Class A Units as of February 28, 1997.
Class A unitholders should expect that the market price of Class A Units should be decreasing substantially as December 31, 2000 approaches.
For essential services such as transfer of registered ownership, lost certificates, distribution checks and change of address, please write or call ChaseMellon Shareholder Services, J.A.F. Building, P.O. Box 3068, New York, NY 10116-3068; phone 800-575-8198.
For questions other than those noted directly above, please write or call Rayonier Timberlands, L.P., 1177 Summer Street, Stamford, CT 06905-5529; phone 800-634-3408; in Connecticut, phone 203-348-7000.
Additional copies of the Annual Report/Form 10-K (without exhibits) and other public information may be obtained, without charge, by writing to the Corporate Secretary, Rayonier Forest Resources Company, at the address below. Copies of documents filed with the Securities and Exchange Commission may be found through EDGAR.
The Managing General Partner of Rayonier Timberlands, L.P. is Rayonier Forest Resources Company, 1177 Summer Street, Stamford, Connecticut 06905-5529; phone 203-348-7000.
It is important for unitholders to understand the terms of the Partnership Agreement and the reduced ownership interest that the Class A unitholders have in the Partnership cash flow after the year 2000. As a result of the Initial Term expiring in that year, the market price of Class A Units should be decreasing substantially as December 31, 2000 approaches. See Description of Partnership included in the Form 10-K.