ML Macadamia Orchards, L.P. Announces Third Quarter Distribution

Business Wire, Sept 13, 1999

HONOLULU--(BUSINESS WIRE)--Sept. 10, 1999--

ML Macadamia Orchards, L.P. (NYSE:NUT) announced today a quarterly cash distribution of $0.10 per Class A Unit, to be paid on Monday, November 15, 1999, to unitholders of record as of Thursday, September 30, 1999.

The $0.10 cash distribution indicates an annualized rate of $0.40 and a yield of 10.8%, based on the NYSE closing price of $3.69, as of September 9, 1999.

This payment also represents a 33% increase over last year's distribution rate and will be the 54th consecutive distribution paid since the Partnership's inception in 1986.

ML Macadamia Orchards, L.P. is the world's largest grower of macadamia nuts, owning or leasing 4,027 acres of orchards on the island of Hawaii, where macadamia yields are the highest in the world.