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

The Vanguard Group, Inc. disclosed its position in International Paper Company as of April 11, 2024, reflecting notable interest in the company's securities. According to the disclosure, the investment management firm holds 40,615,705 shares representing an 11.74% stake in the common stock of International Paper Company. This information was reported in compliance with Rule 8.3 of the Takeover Code, indicating that Vanguard has interests in relevant securities representing 1% or more.

In addition to its holdings in International Paper Company, The Vanguard Group, Inc. also reported disclosures concerning other parties to the offer, including Mondi plc and Smith (DS) plc. On the transaction front, The Vanguard Group engaged in recent dealings involving the purchase and sale of International Paper Company's common stock, with purchases totaling 8,075 shares and sales of 4,835 shares, both at a price of $37.81 per unit.

The disclosure provides transparency about The Vanguard Group’s activities in relation to its significant interest in International Paper Company, highlighting the firm's active role in managing its investment portfolio. No derivatives positions were disclosed, and the firm confirmed it has not entered into any indemnity or dealing arrangements regarding these securities.