Pope Resources Increases Its Quarterly Distribution by 43%
August 09 2007 - 8:30AM
Business Wire
Pope Resources (Nasdaq:POPEZ) announced today a quarterly
distribution of 40 cents per unit, effective for unitholders of
record on September 4, 2007 and payable on September 18, 2007. This
represents a 12-cent, or 43%, increase from the prior quarterly
distribution of 28 cents per unit. �We are pleased to announce this
significant increase in our distribution payout, while at the same
time assuring that we have adequate capital to facilitate the
company�s future growth,� said David L. Nunes, President and CEO.
About Pope Resources Pope Resources, a publicly traded limited
partnership, and its subsidiaries Olympic Resource Management and
Olympic Property Group, own or manage over 430,000 acres of
timberland and development property in Washington and Oregon. In
addition, we provide forestry consulting and timberland management
services to third-party owners and managers of timberland in
Washington, Oregon, and California. The company and its predecessor
companies have owned and managed timberlands and development
properties for more than 150 years. Additional information on the
company can be found at www.orm.com. The contents of our website
are not incorporated into this release or into our filings with the
Securities and Exchange Commission.
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