Aug 07, 2006. /Lesprom Network/. Longview Fibre Company announced the results of shareholders’ elections relating to the company’s special cash-and-stock distribution in connection with its conversion to a real estate investment trust. The special distribution of $7.54 per share, or approximately $385 million in the aggregate, is payable on August 7, 2006 to the company’s shareholders of record at the close of business on June 26, 2006. Based on shareholder elections, the company expects the special distribution to consist of approximately 14.67 million shares of its common stock, resulting in a total of approximately 65.75 million shares outstanding, and approximately $77 million in cash. The number of shares included in the special distribution is calculated based on the $20.997 average closing price per share of the company’s common stock on the New York Stock Exchange on July 27, 28 and 31, 2006. Longview Fibre Company is a diversified timberlands owner and manager, and a specialty paper and container manufacturer. Using sustainable forestry methods, the company manages approximately 587 000 acres of softwood timberlands predominantly located in western Washington and Oregon, primarily for the sale of logs to the U.S. and Japanese markets. Longview Fibre’s manufacturing facilities include a pulp-paper mill at Longview, Washington; a network of converting plants; and a sawmill in central Washington. The company’s products include: logs; corrugated and solid-fiber containers; commodity and specialty kraft paper; paperboard; and dimension and specialty lumber.