Business Services Industry
ML Macadamia Orchards, L.P. Announces Fourth Quarter Distribution
Business Wire, Dec 11, 2007
HILO, Hawaii -- ML Macadamia Orchards, L.P. (NYSE:NUT) announced today that the company declared a quarterly cash distribution of three cents ($0.03) per Class A Unit at the December 2007 meeting of the Board of Directors of its general partner, ML Resources, Inc. (MLR). The distribution will be paid on Friday, February 15, 2008 to the unit holders of record as of Monday, December 31, 2007. This distribution marks the 87th consecutive quarterly distribution, dating back to the inception of the Partnership in 1986.
This press release contains forward-looking statements regarding future events and future performance of the Partnership that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These include statements, among others, regarding the Partnership's future nut price, which are based on certain assumptions and forecasts. The Partnership files documents with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K reports, which contain a description of these and other risks and uncertainties that could cause actual results to differ from current expectations and the forward-looking statements contained in this press release.
ML Macadamia Orchards, L.P. is the world's largest grower of macadamia nuts, owning or leasing 4,189 acres of orchards on the island of Hawaii.
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