vest ing ▁while ▁communic ating ▁public ly ▁har vest ing ▁below ▁a ▁sust ain able ▁rate . ▁On ▁October ▁ 5 , ▁ 2 0 1 7 , ▁the ▁court ▁entered ▁orders ▁appro ving ▁the ▁settlement ▁and ▁a ▁plan ▁of ▁distribution ▁termin ating ▁these ▁class ▁actions . ▁ ▁In ▁June ▁ 2 0 1 4 , ▁Ray on ier ▁sp un ▁off ▁its ▁performance ▁fib ers ▁business ▁into ▁an ▁independent , ▁public ly ▁trad ed ▁company , ▁Ray on ier ▁Advanced ▁Material s ▁Inc . ▁( N Y SE : ▁R Y AM ). ▁Share hold ers ▁of ▁Ray on ier ▁received ▁one ▁share ▁of ▁the ▁new ▁Ray on ier ▁Advanced ▁Material s ▁company ▁for ▁every ▁three ▁shares ▁of ▁Ray on ier ▁on ▁June ▁ 2 7 , ▁ 2 0 1 4 . ▁ ▁In ▁August ▁ 2 0 1 5 , ▁Ray on ier ▁announced ▁its ▁ownership ▁in ▁the ▁New ▁Zealand ▁joint ▁vent ure ▁will ▁increase ▁from ▁ 6 5 % ▁to ▁approximately ▁ 7 7 %, ▁as ▁part ▁of ▁an ▁anticip ated ▁rec ap ital ization ▁of ▁the ▁J V . ▁ ▁In ▁May ▁ 2 0 1 6 , ▁Ray on ier ▁announced ▁up gr ades ▁to ▁it ▁Pacific ▁North west ▁tim ber land ▁port folio ▁through ▁the ▁ac quisition ▁of ▁ 6 1 , 0 0 0 ▁acres ▁of ▁tim ber lands ▁in ▁western ▁Oregon ▁for ▁$ 2 6 3 ▁million , ▁and ▁a ▁disposition ▁of ▁ 5 5 , 0 0 0 ▁acres ▁compr ising ▁pre domin