Cardinal Ethanol, LLC Declares A Cash Distribution, Payable by the Beginning of September 2021
August 23, 2021 at 12:41 pm
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Cardinal Ethanol, LLC announced that on August 17, 2021, the board of directors of Cardinal declared a cash distribution of $325 per membership unit to unit holders of record at the close of business on August 17, 2021, for a total distribution of $4,746,950. Cardinal expects to pay the distribution by the beginning of September 2021.
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 
