Exhibit 99.1
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THE NEWHALL LAND AND FARMING COMPANY | |
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Investor Contact: | Erik Higgins | Media Contact: | Marlee Lauffer |
| (661) 255-4064 |
| (661) 255-4247 |
FOR IMMEDIATE RELEASE
NEWHALL LAND DECLARES REGULAR QUARTERLY
DISTRIBUTION
Valencia, California, October 21, 2003 – The Newhall Land and Farming Company (NYSE, PSE/NHL) today declared a regular quarterly cash distribution of 10 cents per partnership unit, payable December 8, 2003, to unitholders of record as of November 10, 2003.
The Newhall Land and Farming Company has paid uninterrupted quarterly dividends and distributions for 67 years. This distribution represents the 272nd consecutive payment by the Company.
Newhall Land is a premier community planner in north Los Angeles County. Its primary activities are planning communities in Valencia, California and on Newhall Ranch, which together form one of the nation’s most valuable landholdings. They are located on the Company’s 34,000 acres, 30 miles north of downtown Los Angeles.
The Company maintains a web site at http://www.newhall.com.
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