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 24, 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
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(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 24, 2005 the Partnership announced a 67% increase in its quarterly
distribution to $0.25 per unit. A copy of that press release is attached hereto
as Exhibit 99.1.
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
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99.1 Press release of the registrant dated August 24, 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 24, 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 Increases Its Quarterly Distribution 67% to $0.25
POULSBO, Wash.--(BUSINESS WIRE)--Aug. 24, 2005--Pope Resources
(Nasdaq:POPEZ) announced today a quarterly distribution of 25 cents
per unit, effective for unitholders of record on September 9, 2005 and
payable on September 23, 2005. This represents a 67% increase in the
partnership's quarterly distribution, or a 10-cent increase from the
prior quarterly distribution of 15 cents per unit. David L. Nunes,
President and CEO said, "We are continuing to enjoy strong bottom-line
performance and are pleased to announce this substantial increase in
our distribution payout. The strategic initiatives put in place over
the past few years are generating significant earnings and cash flow
for the partnership. We feel it is important to reward our unitholders
for the confidence they have placed in our strategies in the form of a
higher distribution, while at the same time assuring that we have
adequate capital to facilitate the company's future growth."
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. In addition, we provide forestry
consulting and timberland management services to third-party owners
and managers of timberland in Washington, Oregon, and California. 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. The
contents of our website are not incorporated into this release or into
our filings with the Securities and Exchange Commission.
CONTACT: Pope Resources
Tom Ringo, VP & CFO, 360-697-6626
Fax 360-697-1156