Potlatch restructures.POTLATCH potlatch (pŏt`lăch'), ceremonial feast of the natives of the NW coast of North America, entailing the public distribution of property. RESTRUCTURES. Potlatch Corp., Spokane, Washington Spokane (pronounced [spoʊ̯ˈkæn]) is a city located in Eastern Washington. The seat of Spokane County, Spokane is the metropolitan center of the Inland Northwest, the second largest city in Washington state, and , USA announced that the plan for restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). to convert the company to a real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ), effective January 1, 2006 was approved by its board of directors. Under the conversion plan, income from the company's 1.5 million acres of timberland assets will qualify for REIT tax treatment. All of Potlatch's non-qualifying operations be transferred into a wholly owned taxable REIT subsidiary and will continue to pay corporate level tax on earnings. |
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