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AGRICULTURAL MINERALS CO., L.P. ANNOUNCES CASH DISTRIBUTION

 AGRICULTURAL MINERALS CO., L.P. ANNOUNCES CASH DISTRIBUTION
 TULSA, Okla., April 15 /PRNewswire/ -- Agricultural Minerals Co., L.P. (NYSE: AMC) announced today a cash distribution of $.605 per Senior Preference Unit payable May 29, 1992 to Unitholders of record as of April 30, 1992. This distribution represents the Minimum Quarterly Distribution from Available Cash. In addition, $9.0 million of Available Cash for the quarter has been set aside to fund the reserve to support the Minimum Quarterly Distribution on the Senior Preference Units.
 Agricultural Minerals Co., L.P. recorded net income of $14,775,000, or $.77 per limited partner unit, on revenues of $60,883,000 for the quarter ended March 31, 1992. Pro forma results for the same quarter in 1991 were net income of $15,219,000 or $.79 per limited partner unit, on revenues of $57,235,000. Comparative results for the first quarter of 1991 are shown on a pro forma partnership basis as if the Partnership was formed at the beginning of 1991.
 -0- 4/15/92
 /CONTACT: Craig Cosgrove of Agricultural Minerals Co., L.P., 918-660-0050/
 (AMC) CO: Agricultural Minerals Co., L.P. ST: Oklahoma; Arkansas IN: SU:


DG -- SF006 -- 8764 04/15/92 13:40 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
Words:205
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