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Canterbury Park Holding Corporation Announces Special Cash Dividend6 June 2003SHAKOPEE, Minnesota – (Press Release) -- Canterbury Park Holding Corporation (Amex: ECP) today announced that its Board of Directors has declared a special cash dividend of $.15 per share of common stock payable to shareholders of record on June 27, 2003. The dividend will be distributed on July 11, 2003. The Company currently has approximately 3,662,000 shares of common stock outstanding. The Company stated that it has not adopted any plan or policy with regard to paying dividends after the dividend payable July 11 is distributed, and that further Board action based on the Company's earnings, projected future earnings and cash requirements at such time will be required before any further dividends are declared. Canterbury Park Holding Corporation owns and operates Canterbury Park Racetrack, Minnesota's only pari-mutuel horse racing facility. The Company's 63-day 2003 live race meet started on May 16th and ends September 1, 2003. The Company also operates Canterbury Card Club, the only facility in Minnesota given legislative authority to host "unbanked" card games. Canterbury Card Club operates 24 hours a day, seven days a week, conducting poker, and a variety of unbanked card games. In addition, the Company conducts year-round simulcast horse racing and hosts a variety of other entertainment and special events at its facility in Shakopee, Minnesota. |