Plum Creek Timber (PCL)

[scstocks]

Hello Dew, Hope you are doing well.

I am wondering if you can clear something up in my old foggy mind with this news?

Does this joint venture allow PCL to "write off" from their current balance sheet, the funds that go into the partnership, thereby allowing only upside to be reported from any gains within the partnership down the road, as it will already basically have been "written off?"

Thanks for any help.

Take Care.