Pope Resources (POPE) said Friday that its has extended its repurchase plan of limited partner units to December 2013.
The plan was originally adopted in December 2008 and authorized total repurchases amounting to up to $5.0 million, of which $2.5 million has been spent.
The extension announced today allows for repurchases of the remaining unused $2.5 million, subject to certain conditions and other contingencies established under the plan and certain restrictions arising under applicable law.
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