ML Macadamia Orchards, L.P. Announces Second Quarter Distribution, Appoints New Director
18 Junio 2007 - 4:12PM
Business Wire
ML Macadamia Orchards, L.P. (NYSE: NUT) announced today that the
company declared a quarterly cash distribution of five cents
($0.05) per Class A Unit at the June 2007 meeting of the Board of
Directors of its general partner, ML Resources, Inc. (MLR). The
distribution is equal to the previous rate, and will be paid on
Wednesday, August 15, 2007 to the unit holders of record as of
Friday, June 29, 2007. This distribution marks the 85th consecutive
quarterly distribution, dating back to the inception of the
Partnership in 1986. The Board of Directors also elected Scott C.
Wallace as a director effective June 14, 2007. Mr. Wallace is
currently General Manager, Americas and Asia, of SVP Worldwide
Corporation and was formerly CEO of Gardenburger Corporation and
Mauna Loa Macadamia Nut Corporation. He resides in Brentwood
Tennessee. 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 4,190
acres of orchards on the island of Hawaii.
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