SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2016

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 18SUBSEQUENT EVENTS

Management of the Partnership has reviewed subsequent events through November 4, 2016, the date the financial statements were issued, and concluded there were no events or transactions during this period that would require recognition or disclosure in the consolidated financial statements other than what is disclosed here and/or those already disclosed in the preceding notes.

On October 20, 2016, the board of directors of our General Partner declared the Partnership’s third quarter 2016 cash distribution in the amount of $0.94 per common unit payable on November 14, 2016 to unitholders of record as of November 1, 2016. The declared distribution to our General Partner will include a $1.3 million distribution for its effective two percent general partner interest and an IDR payment amounting to $1.9 million for a total distribution of $3.2 million.

Northern Border declared its September 2016 distribution of $14 million on October 7, 2016, of which the Partnership will receive its 50 percent share or $7 million on October 31, 2016.

Great Lakes declared its third quarter 2016 distribution of $11 million on October 25, 2016, of which the Partnership will receive its 46.45 percent share or $5 million on November 1, 2016.