Printer Friendly

POPE RESOURCES ANNOUNCES CASH DISTRIBUTION

 POPE RESOURCES ANNOUNCES CASH DISTRIBUTION
 POULSBO, Wash., Nov. 27 /PRNewswire/ -- Pope Resources


(NASDAQ: POPEZ) today announced a cash distribution of 76 cents per unit, payable on Dec. 30 to unitholders of record as of Dec. 9.
 George H. Folquet, chief executive officer, said the distribution is due to income realized in 1991 and is intended to defray the unitholders' estimated federal income tax liability attributable to such income.
 "The partnership's strategy is to optimize the long-term value of our land and timber assets through reinvestment, not income and distribution," said Folquet. "By minimizing our net income, we ensure unitholders a minimal income tax liability."
 Pope Resources, a Delaware master limited partnership, owns 71,000 acres of timberland and development property in the Puget Sound area of Washington state.
 -0- 11/27/91
 /CONTACT: George Folquet of Pope Resources, 206-292-0517, ext. 523/
 (POPEZ) CO: Pope Resources ST: Washington IN: PAP SU: DIV


SC -- SE008 -- 7829 11/27/91 15:22 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 27, 1991
Words:160
Previous Article:HIGHWAY USERS FEDERATION ISSUES STATEMENT ON SURFACE TRANSPORTATION BILL
Next Article:EQUITABLE BOARD ADOPTS PLAN TO CONVERT COMPANY FROM MUTUAL TO STOCKHOLDER-OWNED CORPORATION
Topics:


Related Articles
POPE RESOURCES REPORTS FIRST-QUARTER INCOME OF $3,387,000
POPE RESOURCES REFINANCES LONG-TERM DEBT
POPE RESOURCES ANNOUNCES CASH DISTRIBUTION
RAYONIER TIMBERLANDS, L.P. ANNOUNCES FOURTH QUARTER DISTRIBUTION
RAYONIER TIMBERLANDS, L.P. ANNOUNCES SECOND QUARTER DISTRIBUTION
ATTENTION BUSINESS/FINANCIAL EDITORS:
Norske Skog Canada sells Mackenzie pulp mill to Pope & Talbot for cash, shares.
China-Biotics, Inc. Issues $25 Million 3 Year Convertible Note.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters