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

ARCADIAN PARTNERS, L.P. ANNOUNCES CASH DISTRIBUTION ON PREFERENCE UNITS
 MEMPHIS, Tenn., July 23 /PRNewswire/ -- Arcadian Partners, L.P. (NYSE: UAN), announced today that it will make a cash distribution on its outstanding Preference Units for the two-month period ending June 30, 1992, in the amount of 41.7 cents per Preference Unit, payable on August 14, 1992, to holders of record as of the close of business on July 31, 1992.
 The Preference Units are entitled to receive a cumulative Minimum Quarterly Distribution from available cash of 60.5 cents ($2.42 on an annualized basis) per Preference Unit. This initial cash distribution represents a prorated portion of the Minimum Quarterly Distribution for the 62 day period from the inception of Arcadian Partners, L.P. on April 30, 1992 to June 30, 1992.
 Arcadian Partners, L.P., a Delaware limited partnership, holds a 99 percent Limited Partnership interest in Arcadian Fertilizer, L.P., which is the largest producer and distributor of nitrogen fertilizers and related products in the United States.
 -0- 7/23/92
 /CONTACT: Gwaine W. Ton, Director of Investor Relations, Arcadian Partners, L.P., 901-758-5366/
 (UAN) CO: Arcadian Partners, L.P. ST: Tennessee IN: SU:


DF -- CH018 -- 2654 07/23/92 15:09 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
Words:207
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