The Vanguard Group, Inc. Discloses Position in International Paper Company

The Vanguard Group, Inc. has disclosed its position in the International Paper Company, as required by Rule 8.3 of the Takeover Code. This disclosure follows dealings in relevant securities representing over 1% of the company.

According to the disclosure, on June 11, 2024, Vanguard held 40,868,826 common stock shares in the International Paper Company, representing 11.77% of the company. Additionally, Vanguard engaged in buying and selling transactions. Specifically, they purchased 9,610 shares at $45.05 each and sold 17,784 shares at the same price.

No other agreements, arrangements, or understandings related to options or derivatives were noted in the filing. Furthermore, the disclosure confirmed that there are no indemnity or option arrangements related to this position.

This disclosure underscores Vanguard's significant stake in the International Paper Company and highlights the transparency mandated by regulatory requirements.