Cedar Fair, L.P. increases quarterly cash distribution rate

Monday, 07 March 2005

Cedar Fair, L.P. Press  Release

SANDUSKY, OHIO, March 7, 2005 -- Cedar Fair, L.P. (NYSE: FUN), a publicly traded partnership which owns and operates seven amusement parks and five water parks, today announced an increase in its regular quarterly cash distribution to $0.46 per limited partner unit. On an annualized basis, the Partnership’s distribution rate will increase for the 18th consecutive year, from $1.80 (paid over the past four quarters) to $1.84 per unit.
This represents the 13th increase in the Partnership’s distribution rate in the past 10 years, during which time the distribution rate has increased 64%. The next distribution, which is payable May 16, 2005, to holders of record April 5, 2005, represents the Partnership’s 72nd consecutive quarterly cash distribution.

Cedar Fair’s seven amusement parks are Cedar Point, located on Lake Erie between Cleveland and Toledo; Knott’s Berry Farm near Los Angeles in Buena Park, California; Dorney Park & Wildwater Kingdom near Allentown, Pennsylvania; Geauga Lake & Wildwater Kingdom near Cleveland, Ohio; Valleyfair near Minneapolis/St. Paul; Worlds of Fun, located in Kansas City, Missouri; and Michigan’s Adventure near Muskegon, Michigan. The Partnership’s water parks are located near San Diego and in Palm Springs, California, and adjacent to Cedar Point, Knott’s Berry Farm and Worlds of Fun. Cedar Fair also owns and operates the Castaway Bay Indoor Waterpark Resort in Sandusky, Ohio.