PKI Jizzman Posted March 17, 2007 Posted March 17, 2007 CEDAR FAIR INCREASES QUARTERLY CASH DISTRIBUTION RATE SANDUSKY, OHIO, March 12, 2007 -- Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement resorts, water parks and active entertainment, today announced an increase in its regular quarterly cash distribution to $0.475 per limited partner unit. On an annualized basis, the Company’s distribution rate will increase from $1.88 (paid over the past four quarters) to $1.90 per unit. The 20th consecutive year of distribution increases will begin with the distribution that will be declared in the second quarter of 2007. Cedar Fair has distributed approximately $1.2 billion, or $24.20 per limited partner unit to investors since it began trading in April of 1987. 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 12 amusement parks, five outdoor water parks, one indoor water park and six hotels. Amusement parks in the company’s northern region include three in Ohio: Cedar Point, consistently voted “Best Amusement Park in the World” in Amusement Today polls, Kings Island, and Geauga Lake & Wildwater Kingdom; 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 Family Theme Park, which is managed under contract. Also included in that region is Star Trek: The Experience, a Las Vegas-based interactive adventure. From Their Site^ Does this mean they will give more money to CP, KI, Carowinds, Knotts, ect? Just curious when I saw this under headlines on the site...
Carnage Posted March 17, 2007 Posted March 17, 2007 Does this mean they will give more money to CP, KI, Carowinds, Knotts, ect? Just curious when I saw this under headlines on the site... No. That is talking about money given to shareholders in the company. It has nothing to do with park operations.
cjeagle35 Posted March 17, 2007 Posted March 17, 2007 Does this mean they will give more money to CP, KI, Carowinds, Knotts, ect? Just curious when I saw this under headlines on the site... What it means is that Cedar Fair is increasing the amount of money in dividends that they pay to their stockholders. This is a normal thing that they do every year or so, raising the dividends to keep up with inflation, stock value, ect. Its nothing too important. But I'd say its certainly good news. It indicates the Cedar Fair is right on schedual with incorporating the Paramount Parks into CF. The company is financially stable enough to raise their rates.
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