Apr 19, 2011. /Lesprom Network/. Phaunos Timber Fund Limited declared a final dividend for the twelve months ended 31 December 2010 of $0.02 gross per Ordinary Share, with an ex dividend date of 15th June 2011, a record date of 17th June 2011 and a payment date of 15th July 2011. Phaunos Timber Fund Limited is a Guernsey-domiciled closed ended investment company authorised by the GFSC. The Company's investment objective is to provide shareholders with attractive long term total returns, expected to be in the form of capital appreciation but with some income, through a diversified portfolio of timberland and timber-related investments. The Company's investments are managed by FourWinds Capital Management. The Company's portfolio consists of timberland and timber-related investments across 6 continents.