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

 MEMPHIS, Tenn., April 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 March 31, 1993, in the amount of 60.5 cents per Preference Unit, payable on May 14, 1993, to holders of record as of the close of business on April 30, 1993. The ex-dividend date for this cash distribution is April 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 have a balance of $29.0 million and is scheduled to be increased up to $35.75 million, which would cover a full year of quarterly distributions on the Preference Units.
 Since formation on April 30, 1992, Arcadian has made continuous consecutive quarterly cash distributions on its 14,772,727 outstanding Preference Units.
 Arcadian Partners, L.P., is a recognized leader in the manufacture and marketing of upgraded nitrogen fertilizers and related products in the United States.
 -0- 4/15/93
 /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: AGR SU:

SB -- CH009 -- 6299 04/15/93 13:17 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
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