Canfor Pulp Products Inc. Announces First Quarter 2012 Results and Quarterly Dividend

Apr 23, 2012

Canfor Pulp Products Inc. (CPPI) (TSX: CFX) today announced its first quarter 2012 results.

On March 2, 2012, Canadian Forest Products Ltd. (Canfor) exchanged 35,776,483 Class B Exchangeable Limited Partnership Units (the Exchange), representing a 50.2% interest in Canfor Pulp Limited Partnership (the Partnership), for an equivalent number of CPPI shares. As a result of the Exchange, CPPI increased its interest in the Partnership from 49.8% to 100% and Canfor acquired a 50.2% interest in CPPI. Unless otherwise noted, the discussion of the results for the comparative periods prior to the quarter ended March 31, 2012 refers to the results of the Partnership. For the quarter ended March 31, 2012 the results of CPPI include the results of the Partnership (together referred to as CPPI or the Company).

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