POULSBO, Wash., Feb. 19,
2020 /PRNewswire/ -- Pope Resources (NASDAQ:POPE) announced today a
quarterly distribution of $1.00 per
unit, effective for unitholders of record on March 4, 2020 and payable on March 18, 2020.
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 122,000 acres of timberland and 1,500 acres of
development property in Washington. In addition, Pope Resources
co-invests in and consolidates three private equity timber funds
that own 141,000 acres of timberland in Washington, Oregon, and California. The Partnership and its
predecessor companies have owned and managed timberlands and
development properties for over 165 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