Acadian Timber Corp. announced that Mr. Brian Banfill will be leaving the position of Chief Operating Officer effective August 3, 2016. Mr. Banfill has been a member of the senior management of Acadian since his initial appointment as Chief Financial Officer in 2010. He will continue to be involved in other timberlands businesses managed by Brookfield. As well, after three years as Acadian's Chief Financial Officer, Ms. Erika Reilly will be leaving Acadian to take on new responsibilities within Brookfield Asset Management. Effective August 3, 2016, Mr. Wyatt Hartley will replace Ms. Reilly as Acadian's Senior Vice-President and Chief Financial Officer. Mr. Hartley has been a key member of Brookfield's infrastructure team for the past six years and has held a number of senior finance roles within the organization. Mr. Hartley is a Chartered Accountant and worked at one of the big four accounting firms prior to joining Brookfield.

The company announced quarterly dividend of CAD 0.25 per share, payable on October 15, 2016 to shareholders of record on September 30, 2016.