/C O R R E C T I O N -- International Paper/

In the news release, International Paper Declares Dividend, issued 09-May-2023 by International Paper over PR Newswire, we are advised by the company that the second paragraph, first sentence, contained incorrect information and should read "Today, the Company also declared a quarterly dividend of $1.00 per share for the period from April 1 2023, to June 30, 2023, inclusive, on the cumulative $4.00 preferred stock of the Company." The complete, corrected release follows:

International Paper Declares Dividend

MEMPHIS, Tenn., May 9, 2023 /PRNewswire/ -- International Paper (NYSE: IP) today declared a quarterly dividend of $0.4625 per share for the period from April 1, 2023, to June 30, 2023, inclusive, on the common stock, par value $1.00, of the Company. This dividend is payable on June 15, 2023, to holders of record at the close of business on May 26, 2023.

Today, the Company also declared a quarterly dividend of $1.00 per share for the period from April 1 2023, to June 30, 2023, inclusive, on the cumulative $4.00 preferred stock of the Company. This dividend is also payable on June 15, 2023, to holders of record at the close of business on May 26, 2023.

About International Paper
International Paper (NYSE: IP) is a global producer of planet-friendly packaging, pulp and other fiber-based products, and one of North America's largest recyclers. Headquartered in Memphis, Tenn., we employ approximately 39,000 colleagues globally who are committed to creating what's next. We serve customers worldwide, with manufacturing operations in North America, Latin America, North Africa and Europe. Net sales for 2022 were $21.2 billion. Additional information can be found by visiting internationalpaper.com.

SOURCE International Paper