SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) August 1, 2005
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Pope Resources, A Delaware Limited Partnership
(Exact name of registrant as specified in its charter)
Delaware 91-1313292
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
19245 Tenth Avenue NE, Poulsbo, Washington 98370
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(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code (360) 697-6626
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NOT APPLICABLE
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
INFORMATION TO BE INCLUDED IN THE REPORT
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Item 8.01 OTHER EVENTS
On August 1, 2005 the registrant issued a press release announcing that its
subsidiary, Olympic Resource Management LLC ("ORMLLC") has successfully closed a
$62 million private equity timber fund, ORM Timber Fund I, L.P (the "Fund"). A
copy of that press release is furnished herewith as Exhibit 99.1.
The aforementioned $62 million total includes Pope Resources' co-investment of
$12.4 million. ORMLLC will be the general partner of the Fund and earn fees from
managing the Fund's operations. Investors in the Fund have committed to provide
the $62 million of equity capital as suitable timberland investments are located
and contracted for purchase.
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
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99.1 Press release of the registrant dated August 1, 2005
SIGNATURES
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Pursuant to the requirements of Section 13 of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
POPE RESOURCES, A DELAWARE LIMITED PARTNERSHIP
DATE: August 1, 2005 BY: /s/ Thomas M. Ringo
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Thomas M. Ringo
Vice President and Chief Financial Officer, Pope
Resources, A Delaware Limited Partnership, and
Pope MGP, Inc., General Partner
Exhibit 99.1
Pope Resources Closes $62 Million Timber Fund
POULSBO, Wash.--(BUSINESS WIRE)--Aug. 1, 2005--Pope Resources
(Nasdaq:POPEZ) announced today that its subsidiary, Olympic Resource
Management LLC (ORMLLC), which provides forestry consulting and
timberland management services to third-party owners and managers of
timberland, has successfully closed a $62 million private equity
timber fund, ORM Timber Fund I, L.P. ORMLLC is now actively looking
for timberland properties to acquire on behalf of the fund, which will
invest in commercial timberlands in the Pacific Northwest. David L.
Nunes, president and CEO, said, "This fund closing begins an important
growth strategy for our company. We think timber is a great asset
class and are delighted to be able to offer our timberland management
expertise to high net worth and other accredited investors interested
in direct timberland investment opportunities. We are excited to have
this fund closed and to be out looking for properties to acquire." The
$61.8 million of committed capital represents $49.4 million from
third-party investors and $12.4 million to be co-invested by Pope
Resources.
About Pope Resources
Pope Resources, a publicly traded limited partnership, and its
subsidiaries Olympic Resource Management and Olympic Property Group,
own or manage over 640,000 acres of timberland and development
property in Washington and Oregon. 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 www.orm.com.
CONTACT: Pope Resources
Tom Ringo, VP & CFO, 360-697-6626
Fax: 360-697-1156