The Vanguard Group, Inc. Announces Ownership in International Paper Company

The Vanguard Group, Inc. has disclosed its substantial ownership in International Paper Company, revealing an interest exceeding 1% of the company's shares. According to the filing, The Vanguard Group owns a total of 40,588,898 shares, representing 11.73% of the company. This position was reported as of 1 April 2024, under the regulations of the Takeover Code, which mandates public disclosure by entities holding over 1% of a company's shares.

The disclosure comes amid recent trading activity involving the purchase and sale of International Paper's common stock by The Vanguard Group. On record, the investment firm purchased 8,596 shares and sold 7,377 shares, all transacted at a price of 39.03 USD per share. This recent trading underscores the active management of The Vanguard Group's holding in International Paper Company.

No other agreements, arrangements, or understandings related to the voting rights or future acquisition or disposal of the securities were reported, indicating The Vanguard Group's straightforward investment approach towards its stake in International Paper Company.