Oct 14 (Reuters) - Potlatchdeltic Corp ( PCH ):

* RAYONIER AND POTLATCHDELTIC TO COMBINE IN AN ALL-STOCK

MERGER OF

EQUALS TO CREATE A LEADING LAND RESOURCES REIT

* RAYONIER INC ( RYN ) - COMBINED COMPANY EXPECTED TO HAVE $7.1

BILLION

MARKET CAP

* RAYONIER INC ( RYN ) - POTLATCHDELTIC SHAREHOLDERS TO RECEIVE

1.7339

RAYONIER SHARES PER SHARE

* RAYONIER INC ( RYN ) - WAYNE WASECHEK TO SERVE AS CFO OF COMBINED

COMPANY

* RAYONIER INC ( RYN ) - DECLARES ONE-TIME SPECIAL DIVIDEND OF $1.40

PER

SHARE

* RAYONIER INC ( RYN ) - COMBINED COMPANY TO OPERATE UNDER NEW NAME

* RAYONIER ( RYN ): COMBINED COMPANY IS EXPECTED TO HAVE A PRO FORMA

EQUITY MARKET CAPITALIZATION OF $7.1 BILLION AND A TOTAL

ENTERPRISE VALUE OF $8.2 BILLION

* RAYONIER ( RYN )- RAYONIER SHAREHOLDERS TO OWN ABOUT 54% AND

POTLATCHDELTIC SHAREHOLDERS TO OWN ABOUT 46% OF COMBINED COMPANY

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