|By PR Newswire||
|February 26, 2014 05:15 PM EST||
SANDUSKY, Ohio, Feb. 26, 2014 /PRNewswire/ -- 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 $0.70 per LP unit. This quarterly distribution rate is consistent with the Company's increased annualized distribution rate of $2.80 per LP unit announced in November of last year.
The distribution, which is payable March 25, 2014 to unitholders of record as of March 14, 2014, represents the Company's 28th consecutive year of paying a cash distribution to its unitholders.
The Company recently reported record performance for 2013 and provided a positive outlook for 2014. Commenting on these results, Matt Ouimet, Cedar Fair's president and chief executive officer, said, "2013 was a remarkable year for Cedar Fair and we expect this momentum to continue into 2014. Our long-term FUNforward strategy is working well as we experienced solid increases across all aspects of our business this year, including record attendance and in-park guest per capita spending. As we look ahead, we expect 2014 to be another record year in terms of net revenues and Adjusted EBITDA, and we are confident we will continue to build on our decades of success for many years to come."
About Cedar Fair
Cedar Fair is a publicly traded partnership headquartered in Sandusky, Ohio, and one of the largest regional amusement-resort operators in the world. The Company owns and operates 11 amusement parks, three outdoor water parks, one indoor water park and five hotels. Its parks are located in Ohio, California, North Carolina, South Carolina, Virginia, Pennsylvania, Minnesota, Missouri, Michigan, and Toronto, Ontario. Cedar Fair also operates the Gilroy Gardens Family Theme Park in California under a management contract. Cedar Fair's flagship park, Cedar Point, has been consistently voted the "Best Amusement Park in the World" in a prestigious annual poll conducted by Amusement Today newspaper.
This news release and prior releases are available online at www.cedarfair.com.
SOURCE Cedar Fair Entertainment Company
Aug. 27, 2016 08:45 PM EDT Reads: 2,276
Aug. 27, 2016 08:45 PM EDT Reads: 1,753
Aug. 27, 2016 06:15 PM EDT Reads: 708
Aug. 27, 2016 06:00 PM EDT Reads: 3,080
Aug. 27, 2016 06:00 PM EDT Reads: 716
Aug. 27, 2016 05:15 PM EDT Reads: 1,568
Aug. 27, 2016 05:00 PM EDT Reads: 1,874
Aug. 27, 2016 04:45 PM EDT Reads: 1,621
Aug. 27, 2016 04:00 PM EDT Reads: 566
Aug. 27, 2016 03:15 PM EDT Reads: 754
Aug. 27, 2016 02:45 PM EDT Reads: 3,443
Aug. 27, 2016 12:45 PM EDT Reads: 2,340
Aug. 27, 2016 12:30 PM EDT Reads: 3,613
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Aug. 27, 2016 12:00 PM EDT Reads: 654
Aug. 27, 2016 12:00 PM EDT Reads: 520