POULSBO, Wash., May 22,
2017 /PRNewswire/ -- Pope Resources (NASDAQ:POPE) announced
today a quarterly distribution of $0.70 per unit, effective for unitholders of
record on June 5, 2017 and payable on
June 20, 2017.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat
one hundred percent (100%) of Pope Resources' distributions to
foreign investors as being attributable to income that is
effectively connected with a United
States trade or business. Accordingly, Pope Resources'
distributions to foreign investors are subject to federal income
tax withholding at the highest applicable effective tax result.
About Pope Resources
Pope Resources, a publicly traded limited partnership, and its
subsidiaries Olympic Resource Management and Olympic Property
Group, own or manage 210,000 acres of timberland and development
property in Washington,
Oregon, and California. We also manage, co-invest in, and
consolidate two private equity timber funds, for which we earn
management fees. These funds provide an efficient means of
investing our own capital in Pacific Northwest timberland while
earning fees from managing the funds for third-party investors. The
Partnership and its predecessor companies have owned and managed
timberlands and development properties for over 160 years.
Additional information on the company can be found at
www.poperesources.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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SOURCE Pope Resources