Ok, was very easily able to reproduce this in the 5.48(47.5) Wordpad5 demo.
Run the demo app.
Type in words until the line wraps down to the next line and type in a few more words.
Like this:
This is a test. This is a test. This is a test. This is
a test.
Now, move the cursor to the front of the first letter in the first line. Hold down shift and press the down arrow ONCE. The first line will highlight and the cursor will move to the start of the second line but NONE of the second line will be selected. Press control C to copy. Move farther down the page and paste. Please also note that you CAN also reproduce this using the mouse to select the text. The trick is to get the first line selected and only the cursor on the second line with no text selected. With the mouse you have to play with it to get it to that state, but it's easy, and produce the same problem.
You can see that either nothing will paste if your clipboard was empty or they current content of the clipboard will be pasted. When copying in this method, nothing is copied to the clipboard. Selecting the entire block of text, even with the keyboard, works fine. In my own app, clicking the copy button produced the same results with the selection method used above.
There is clearly some issue with the default copy function when the selected text is in a certain state.