We believe that responsible forest management is consistent with the generation and preservation of long-term investment value for our investors. To realize this value for investors, we practice a land stewardship ethic that integrates the growing, managing and harvesting of trees with the conservation of soil, air and water quality, and wildlife and fisheries habitat. Our stewardship program provides investors with both direct and indirect financial benefits. These benefits serve to:

• Generate additional income opportunities
• Bring additional value to timberland acquisitions
• Open new markets
• Increase resale values of investors' forests
• Expand access to silvicultural research and new forest management techniques