Company Press Release: Cedar Fair, L.P.
SANDUSKY, Ohio -- Cedar Fair, L.P. (NYSE: FUN), a publicly traded partnership which owns and operates five amusement
parks and four water parks, has declared a regular quarterly cash distribution of $0.375 per unit, payable August
15, 2000, to holders of record July 6, 2000. This distribution continues the Partnership's annualized distribution
rate of $1.50 per unit.
Richard L. Kinzel, president and chief executive officer, also reported that early-season operations at the parks
have been encouraging, although Dorney Park and Valleyfair have suffered somewhat due to poor spring weather thus
far this season. ``All of the new rides and attractions we have introduced at our parks this year have been received
very well by their local markets,'' said Kinzel. ``The popularity of these new rides and attractions gives us confidence
that each of our parks is well-positioned for a strong 2000.''
Cedar Fair's five amusement parks are Cedar Point, located on Lake Erie between Cleveland and Toledo; Knott's Berry
Farm in Buena Park, California, near Los Angeles; Dorney Park & Wildwater Kingdom near Allentown, Pennsylvania;
Valleyfair near Minneapolis / St. Paul; and Worlds of Fun and Oceans of Fun, located in Kansas City, Missouri.
The Partnership's water parks are located in Sandusky, Ohio; Kansas City, Missouri; Chula Vista, California, near
San Diego; and Knott's Soak City U.S.A., the Partnership's newest addition, which opened today next to Knott's
Berry Farm. Cedar Fair also operates Knott's Camp Snoopy at the Mall of America in Bloomington, Minnesota under
a management contract.
The information contained in this news release, other than historical information, consists of forward-looking
statements. These statements may involve risks and uncertainties that could cause actual results to differ materially
from those described in such statements. Although the Partnership believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been
correct. Important factors, including general economic conditions, competition for consumer spending, adverse weather
conditions, unanticipated construction delays, and other factors could cause actual results to differ materially
from the Partnership's expectations.
This press release and prior press releases are available on the Cedar Fair, L.P. web site at www.cedarfair.com
SOURCE: Cedar Fair, L.P.