Q Investments Announces the Approval of Meaningful Changes at Cedar Fair

FORT WORTH, Texas, Jan. 11, 2011 /PRNewswire/ -- Q Funding III, L.P. and Q4 Funding, L.P. (together, "Q Investments") announced that at today's special meeting of Cedar Fair Unitholders, according to preliminary results announced at the meeting, the unitholders of Cedar Fair, L.P. (NYSE: FUN) voted to approve Q Investments' proposal to separate Cedar Fair's chairman and chief executive officer positions.  The proposal also requires that the chairman be an independent director who is not, and has never been, a Cedar Fair officer.

Q Investments' proposal to have the Company prioritize a higher dividend distribution over debt repayments apparently received over 75% support from unitholders who voted and therefore Q Investments also views this as a resounding victory and a clear indication of what unitholders want.  However, since approximately one-third of the units did not vote, the company announced that the outcome on that vote remained too close to call.

Scott McCarty, portfolio manager at Q Investments, said, "Unitholders have spoken!  The question now is, will the company finally listen?"

SOURCE Q Investments