Cardinal Ethanol, LLC Declares a Cash Distribution, Expects to Pay the Distribution by Early March, 2023
February 21, 2023 at 04:46 pm EST
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On February 21, 2023, the board of directors of the Cardinal Ethanol, LLC (the "Company") declared a cash distribution of $500 per membership unit to the holders of units of record at the close of business on February 21, 2023 for a total distribution of $7,303,000. The Company expects to pay the distribution by early March, 2023.
Cardinal Ethanol, LLC and its subsidiaries is engaged in producing fuel-grade ethanol, distillers grains, corn oil and carbon dioxide near Union City, Indiana and sells these products throughout the continental United States. In addition, the Company procures, transports, and sells grain commodities through grain operations. Its divisions include ethanol and trading. Its ethanol division markets and sells ethanol and its co-products primarily in the continental United States using third party marketers. Its ethanol products are marketed by Murex, LLC and distillers grains are marketed by CHS, Inc. It markets and distributes all the corn oil it produces directly to end users and third-party brokers. The Company's trading division has a grain loading facility within its single site to buy, hold and sell inventories of agricultural grains, primarily soybeans. It performs no additional processing of these grains, unlike the corn inventory the Company holds and uses in ethanol production.
CARDINAL ETHANOL, LLC 
