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ARCADIAN PARTNERS, L.P. ANNOUNCES 60.5 CENT CASH DISTRIBUTION ON PREFERENCE UNITS

 MEMPHIS, Tenn., July 15 /PRNewswire/ -- Arcadian Partners, L.P. (NYSE: UAN), announced today that it will make a cash distribution on its outstanding Preference Units for the quarter ended June 30, 1993, in the amount of 60.5 cents per Preference Unit, payable on Aug. 13, 1993, to holders of record as of the close of business on June 30, 1993. The ex-dividend date for this cash distribution is July 26, 1993.
 The Preference Units are entitled to receive a cumulative Minimum Quarterly Distribution "MQD" from available cash of 60.5 cents ($2.42 on an annualized basis) per Preference Unit.
 Simultaneously with the Preference Unit distribution, Arcadian will increase the reserve for Minimum Quarterly Distributions for Preference Units. The reserve account will be increased to $31.0 million and is to be funded up to a level of $35.75 million, which represents a full year of quarterly distributions on the outstanding Preference Units.
 Since formation on April 30, 1992, Arcadian has made consecutive quarterly cash distributions on its 14,772,727 outstanding Preference Units.
 Arcadian Partners, L.P. is a leading United States producer and worldwide marketer of nitrogen-based fertilizers and related products.
 -0- 7/15/93
 /CONTACT: Gwaine W. Ton, Director of Investor Relations and Financial Services, Arcadian Partners, L.P., 901-758-5366/
 (UAN)


CO: Arcadian Partners, L.P. ST: Tennessee IN: CHM SU: DIV

CM -- CH011 -- 2146 07/15/93 15:57 EDT
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Publication:PR Newswire
Date:Jul 15, 1993
Words:236
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