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Cash Distributions to Limited Partners
12 Months Ended
Dec. 31, 2014
Text Block [Abstract]  
Cash Distributions to Limited Partners

NOTE 6 – CASH DISTRIBUTIONS TO LIMITED PARTNERS

Cash distributions to limited partners for the three years ended December 31, 2014 were as follows:

 

Quarter Ended

   Cash
Distribution per
Limited Partnership
Unit
     Weighted
Average Number
of Units
Outstanding
     Number of Units
Outstanding at
the End of
Quarter
 

December 31, 2011

   $ 3.76         27,006         27,006   

March 31, 2012

     3.82         27,006         27,006   

June 30, 2012

     4.35         27,006         27,006   

September 30, 2012

     4.14         27,006         27,006   
  

 

 

       

Total paid in 2012

$ 16.07   
  

 

 

       

December 31, 2012

$ 4.37      27,006      27,006   

March 31, 2013

  3.59      27,006      27,006   

June 30, 2013

  4.24      27,006      27,006   

September 30, 2013

  4.48      27,006      27,006   
  

 

 

       

Total paid in 2013

$ 16.68   
  

 

 

       

December 31, 2013

$ 4.17      27,006      27,006   

March 31, 2014

  4.46      27,006      27,006   

June 30, 2014

  4.86      27,006      27,006   

September 30, 2014

  4.34      27,006      27,006   
  

 

 

       

Total paid in 2014

$ 17.83   
  

 

 

       

Cash distributions per limited partnership unit were calculated based upon the weighted average units outstanding for each quarter and were paid from operations. Distributions declared in January 2015, for the quarter ended December 31, 2014, amounted to $3.79 per limited partnership unit and were paid in February 2015.