Weyerhaeuser Co., which is the second-biggest proprietor of U. S. timberland, declared a record $5.6 billion special dividend to lock in the firm’s alteration this year to a real estate investment group.

The corporation is making the payment to hint about its determination to adapt to a REIT this year and tackle all the investor concern its lessening market evaluation, which may have derailed the procedure, Chief Executive Officer, Daniel Fulton said in a meeting.

The dividend, restricted to 10%cash with the poise in stock, will be paid on Sept. 1, the Federal Way, Washington-based company said today.

Market setting today is not having an impact upon the firm’s ability to translate itself and also it wanted to take away the ambiguity and offer the security to its shareholders that we will finish the conversion this year at all levels, Fulton, 61, said by phone.

Weyerhaeuser has seen its shares in New York sink 33 percent since their climax this year on April 23 to $35.84 as shareholders reacted to the Greek monetary catastrophe and worry that the U. S. might have to meet with second drip.

A few shareholders, also including Franklin Mutual Advisers LLC, have strained the corporation to become a REIT to lessen taxes on income from its more than six million acres of timberlands.