Poulsbo, Washington, USA, 09 May 2008 --(BUSINESS WIRE)-- Pope Resources (NASDAQ:POPE) announced today a quarterly distribution of USD 0.40 per unit, effective for unitholders of record on 28 May 2008, and payable on 12 June 2008.

Pope Resources, a publicly traded limited partnership, and its subsidiaries Olympic Resource Management and Olympic Property Group, own or manage more than 400,000 acres of timberland and development property in Washington and Oregon. In addition, the comapny provides forestry consulting and timberland investment 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.poperesources.com.