Vanguard Reports Ownership in International Paper Company

The Vanguard Group, Inc. disclosed its significant holdings in International Paper Company, as per the latest Form 8.3 filing. According to the document dated April 22, 2024, Vanguard owns 40,658,270 shares of common stock, representing an 11.71% stake. The disclosure is part of the routine regulatory requirement for entities holding over 1% of a company's securities.

Additionally, the filing noted dealings in International Paper's stock, involving purchases of 5,652 shares and sales of 6,185 shares, each transaction priced at $35.37. The dealings bring attention to Vanguard's active management of its investment position in International Paper. No derivative or other complex financial products are currently tied to these holdings according to the filing. Also, no other arrangements or agreements related to these securities were reported.

The disclosure occurs amidst the backdrop of Smith (DS) plc, for which Vanguard is also making disclosures. Both sets of disclosures align with the legal obligations under Rule 8.3 of the Takeover Code, which mandates this transparency for persons with interests in securities exceeding the 1% threshold.