Vanguard Discloses Stake in International Paper Company

The Vanguard Group, Inc. has publicly disclosed its position in International Paper Company, as per the Form 8.3 submitted on May 21, 2024. This disclosure is in accordance with Rule 8.3 of the Takeover Code, requiring transparency from persons holding 1% or more of relevant securities.

The disclosure reveals that Vanguard holds a total of 40,780,501 common stock shares in International Paper Company, accounting for 11.74% of the company's relevant securities. This substantial stake indicates Vanguard's significant interest in the multinational corporation.

Additionally, Vanguard disclosed dealings in these securities, including the purchase of 4,152 shares and the sale of 1,752 shares, both at a price of $41.18 per unit. There were no cash-settled or stock-settled derivative transactions reported.

This announcement does not include any indemnity or option arrangements, nor any agreements related to future acquisitions or disposals of relevant securities. The disclosure is part of Vanguard's compliance with regulatory requirements and provides insight into one of its major equity positions.