- Cedar Fair declares third quarter cash distribution
Cedar Fair declares third quarter cash distribution
Cedar Fair announces the declaration of a regular quarterly cash distribution of 48 cents per limited-partner unit.
Thursday, 23 October 2008
Cedar Fair Entertainment Company Press Release
SANDUSKY, OHIO, October 23, 2008 -- Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and active entertainment, today announced the declaration of a regular quarterly cash distribution of 48 cents per limited-partner unit, consistent with the Company’s annualized distribution rate of $1.92 per unit.
“Based on expectations for the full year, the Board of Directors determined that the Company’s cash flow will be sufficient to maintain the annualized distribution rate of $1.92 per unit,” said Dick Kinzel, chairman, president and chief executive officer.
The distribution, which is payable November 17, 2008, to holders of record November 5, 2008, represents the company’s 86th consecutive quarterly cash distribution.
The Company will report its 2008 third quarter results before market hours on Thursday, November 6, 2008. It will then host a conference call with analysts that afternoon at 2:00 p.m. Eastern Time, which will be web cast live in “listen only” mode via the Cedar Fair web site (www.cedarfair.com). It will also be available for replay starting at approximately 5:00 p.m. ET, Thursday, November 6, 2008 until 11:59 p.m. ET, Thursday, November 20, 2008. In order to access the replay of the earnings call, please dial 1-800-406-7325 followed by the access code 3927639.
Cedar Fair is a publicly traded partnership headquartered in Sandusky, Ohio, and one of the largest regional amusement-resort operators in the world. The Partnership owns and operates 11 amusement parks, six outdoor water parks, one indoor water park and five hotels. Amusement parks in the company’s Northern Region include two in Ohio: Cedar Point, consistently voted “Best Amusement Park in the World” in Amusement Today polls and Kings Island; as well as Canada’s Wonderland, near Toronto; Dorney Park, PA; Valleyfair, MN; and Michigan’s Adventure, MI. In the Southern Region are Kings Dominion, VA; Carowinds, NC; and Worlds of Fun, MO. Western parks in California include: Knott’s Berry Farm; Great America; and Gilroy Gardens, which is managed under contract.