Q Investments Responds to Cedar Fair's Claim That Its Latest Action is a Waste of Unitholders' Resources

Q Funding III, L.P. and Q4 Funding, L.P. today responded to Cedar Fair's FUN press release claiming that Q Investments' latest action is a costly waste of unitholders' resources. To set the record straight, Q Investments would like to highlight to its fellow unitholders the actions of Dick Kinzel and the Board versus those of Q Investments. Mr. Kinzel and the Board said sell to Apollo at $11.50 per unit. Q Investments said “vote no,” and the unit price has risen by more than 60% to $18.50 creating nearly $400 million of additional value for unitholders. Mr. Kinzel and the Board said to reject Q Investments' proposals for an independent chairman and higher distributions. Of those unitholders that voted, more than 80% voted for an independent chairman, and more than 73% voted for higher distributions. Mr. Kinzel and the Board did not support giving unitholders the right to nominate directors. 95% of all unitholders who voted agreed with Q Investments and voted FOR the right to nominate directors. Mr. Kinzel and the Board claim Q Investments' actions are costing unitholders $3 million. However, Mr. Kinzel and this Board have spent this $3 million to deny unitholders the rights they have clearly communicated they want. It is Mr. Kinzel who is wasting unitholder money.