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 18, 2004
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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.)
INFORMATION TO BE INCLUDED IN THE REPORT
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Item 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
On August 18, 2004 the Partnership announced an increase in its quarterly
distribution to $.15 per unit. A copy of that press release is attached hereto
as Exhibit 99.1.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
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99.1 Press release of the registrant dated August 18, 2004
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 18, 2004 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 More Than Doubles Its Quarterly Distribution
POULSBO, Wash.--(BUSINESS WIRE)--Aug. 18, 2004--Pope Resources
(Nasdaq:POPEZ) announced today a quarterly distribution of 15 cents
per unit, effective for unitholders of record on September 1, 2004 and
payable on September 15, 2004. This represents a 114% increase in the
partnership's quarterly distribution, or an eight-cent increase from
the prior quarterly distribution of seven cents per unit. David L.
Nunes, President and CEO said, "We are pleased that improvement in the
company's bottom-line performance has allowed us to grow our
distribution. This substantial increase in our distribution payout
underscores our desire to return more value to our unitholders, while
still preserving adequate capital to facilitate future growth for the
company."
About Pope Resources
Pope Resources, a publicly traded limited partnership, and its
subsidiaries Olympic Resource Management and Olympic Property Group,
own 118,000 acres of timberland and development property in
Washington. In addition, it provides 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.
CONTACT: Pope Resources
Tom Ringo, VP & CFO, 360-697-6626
Fax, 360-697-1156