Dec. 7, 2012
/PRNewswire/ -- Pope Resources (NASDAQ:POPE) announced today that the company has extended its repurchase plan of limited partner units to
. This plan was originally adopted in
and authorized total repurchases amounting to up to
, of which
has been spent. The extension announced today allows for repurchases of the remaining unused
, subject to certain conditions and other contingencies established under the plan and certain restrictions arising under applicable law.
About Pope Resources
Pope Resources, a publicly traded limited partnership, and its subsidiaries Olympic Resource Management and Olympic Property Group, own or manage 177,000 acres of timberland and development property in
and Oregon. We also manage, co-invest in, and consolidate three timberland investment funds that we manage for a fee. In addition, we offer our forestry consulting and timberland investment management services to third-party owners and managers of timberland in the U.S. Pacific Northwest. 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
. The contents of our website are not incorporated into this release or into our filings with the Securities and Exchange Commission.
SOURCE Pope Resources