SHAKOPEE, Minn., March 16, 2020 /PRNewswire/ -- Canterbury Park
Holding Corporation (the "Company") (NASDAQ: CPHC), announced today
that in conjunction with its determination to voluntarily
temporarily suspend operations at Canterbury Park due to concerns
about COVID-19, that the Company's Board of Directors has suspended
its quarterly cash dividend. In 2019, the Company paid
dividends of $0.28 per share. The
Board of Directors intends to review the Company's quarterly cash
dividend policy when Canterbury Park returns to normal
operations.
The Company expects to announce its operating results for the
fourth quarter and year ended December 31,
2019, during the week of March 23,
2020 and will be filing its Form 10-K, including 2019
audited financial statements with the Securities and Exchange
Commission on or before March 30,
2020. At that time, the Company will provide additional
information about the anticipated effect of the COVID-19
coronavirus and the shutdown on the Company and its financial
condition.
About Canterbury Park:
Canterbury Park Holding Corporation owns and operates Canterbury
Park Racetrack and Card Casino in Shakopee, Minnesota, the only thoroughbred and
quarter horse racing facility in the State. The Company offers live
racing from May to September. The Card Casino hosts card games
24 hours a day, seven days a week, dealing both poker and table
games. The Company also conducts year-round wagering on simulcast
horse racing and hosts a variety of other entertainment and special
events at its Shakopee
facility. The Company is redeveloping 140 acres of
underutilized land surrounding the Racetrack in a project know as
Canterbury Commons. The Company is pursuing several mixed-use
development opportunities for this land, directly and through joint
ventures. For more information about the Company, please visit
www.canterburypark.com.
Cautionary Statement:
From time to time, in press releases and in other communications to
shareholders or the investing public, Canterbury Park Holding
Corporation may make forward-looking statements concerning possible
or anticipated future financial performance, business activities or
plans based on management's beliefs and assumptions. These
forward looking statements are typically preceded by the words such
as "believes," "expects," "anticipates," "intends" or similar
expressions. Shareholders and the investing public should
understand that these forward-looking statements are subject to
risks and uncertainties, including those disclosed in our periodic
filings with the Securities and Exchange Commission, which could
cause actual performance, activities, future dividends or plans
after the date the statements are made to differ significantly from
those indicated in the forward-looking statements when
made.
Media
Contact:
|
Investor
Contact:
|
Jeff Maday
|
Richard Land, Jim
Leahy
|
Media Relations
Manager
|
JCIR
|
Canterbury Park
Holding Corporation
|
212-835-8500 or
cpch@jcir.com
|
952-292-7524 or
jmaday@canterburypark.com
|
|
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SOURCE Canterbury Park Holding Corporation