On December 18, 2014, the Board of Governors of the Heron Lake BioEnergy declared a cash distribution of $0.12 per membership unit to the holders of record of the company's units at the close of business on December 18, 2014, for a total distribution of $9,351,852.84. The company expects to pay the distribution by the end of January 2015, subject to approval from the company's lender.