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POLARIS DECLARES FIRST QUARTER CASH DISTRIBUTION; PARTNERSHIP ALSO EXPLORING TWO-FOR-ONE UNIT SPLIT

 MINNEAPOLIS, March 3 /PRNewswire/ -- Polaris Industries Partners L.P. (AMEX: SNO) (Polaris) today announced that it will pay its regular first quarter distribution of $1.25 per unit to holders of record on March 15, 1993. The units will go "ex-dividend" on March 9, 1993. Payments of this distribution will be made on or about May 17, 1993.
 Polaris also announced that it was undertaking steps to effect a two-for-one unit split. Such a split would require the consent of two- thirds in interest of the Polaris unit holders and requisite amendments to various Polaris partnership agreements, and would be subject to a definitive consent solicitation anticipated to be filed with the Securities and Exchange Commission in the near future.
 The regular quarterly distribution of $1.25 per unit results in an annual level of $5 per unit and represents a 25 percent current return on the initial public offering price of $20 per unit. All such distributions will be conditioned upon continued satisfactory levels of performance and the financial strength of the partnership and remain within the discretion of the general partner.
 Polaris Industries Partners L.P. trades on the American Stock Exchange and the Pacific Stock Exchange under the symbol "SNO."
 -0- 3/3/93
 /CONTACT: Victor K. Atkins, Jr. of Polaris Industries Partners L.P., 516-283-1915; Dave Mona or John Shaughnessy of Mona Meyer McGrath & Gavin, 612-832-5000, for Polaris Industries/
 (SNO)


CO: Polaris Industries Partners L.P. ST: Minnesota IN: LEI SU: DIV

AL -- MN006 -- 2495 03/03/93 13:05 EST
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Publication:PR Newswire
Date:Mar 3, 1993
Words:255
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