Oklahoma School Land Trust, Oklahoma City, selected three finalists in its search for a timberland manager to run $25 million, said Herb Johnson, investment director. He would not name the finalists but said a selection would be made at the board’s Sept. 11 meeting.
Funding will come from oil and gas royalties, principal payments and mortgage-backed securities. The board for the $1.1 billion trust selected timber because it’s conservative and its growth does not depend on market performance, said Mr. Johnson.
