POULSBO, Wash., Nov. 3, 2017 /PRNewswire/ -- Pope Resources
(NASDAQ:POPE) announced today a quarterly distribution of
$0.70 per unit, effective for
unitholders of record on November 22,
2017 and payable on December 8,
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. These acres include three private
equity timber funds that we manage, co-invest in, and consolidate
in our financial statements and from which we earn management fees.
These funds provide an efficient means of investing our own capital
in Pacific Northwest timberland and earning fee revenue 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