BlackRock, Inc. Increases Stake in Rayonier Inc. to 9.4% Ownership

On April 24, 2026, BlackRock, Inc. filed a Schedule 13G/A with the SEC, reporting an increased stake in Rayonier Inc. (RYN). As of the event date on March 31, 2026, BlackRock beneficially owns 28,446,741 shares of Rayonier's common stock, representing 9.4% of the total shares outstanding. This filing marks the third amendment to their previous disclosures, indicating a significant increase from the previously reported 0.0% ownership position. Of the total shares held, BlackRock reports sole voting power over 27,685,026 shares and sole dispositive power over the full 28,446,741 shares. The filing was made under Rule 13d-1(b), certifying that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. Various subsidiaries of BlackRock are identified as having the right to receive dividends or proceeds from the sale of these shares, though no single individual's interest exceeds 5% of the total outstanding common shares.