September 28, 2002
Sandusky, OH -- Cedar Fair, L.P. (NYSE: FUN), a publicly traded partnership which owns and operates six amusement parks and five water parks, has announced a 2.4% increase in its regular quarterly cash distribution to $0.42 per limited partner unit. On an annualized basis, the Partnership's distribution rate will increase from $1.64 to $1.68 per unit.
"Our consolidated operating income and cash flow are well ahead of last year's levels, and on that basis, the Board of Directors determined that the increase in our cash distribution rate for a 15th consecutive year was appropriate," said Dick Kinzel, president and chief executive officer.
The distribution, which is payable November 15, 2002, to holders of record October 3, 2002, represents the Partnership's 62nd consecutive quarterly cash distribution.