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Cash Distributions to Limited Partners
12 Months Ended
Dec. 31, 2012
Cash Distributions to Limited Partners

NOTE 7 — CASH DISTRIBUTIONS TO LIMITED PARTNERS

Cash distributions paid to limited partners for the three years ended December 31, 2012 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, 2009

   $ 0.55         165,375         165,375   

March 31, 2010

     0.41         165,375         165,375   

June 30, 2010

     0.54         165,375         165,375   

September 30, 2010

     0.61         165,375         165,375   
  

 

 

       

Total paid in 2010

   $ 2.11         
  

 

 

       

December 31, 2010

   $ 0.54         165,375         165,375   

March 31, 2011

     0.46         165,375         165,375   

June 30, 2011

     0.48         165,375         165,375   

September 30, 2011

     0.56         165,375         165,375   
  

 

 

       

Total paid in 2011

   $ 2.04         
  

 

 

       

December 31, 2011

   $ 0.48         165,375         165,375   

March 31, 2012

     0.48         165,375         165,375   

June 30, 2012

     0.56         165,375         165,375   

September 30, 2012

     0.54         165,375         165,375   
  

 

 

       

Total paid in 2012

   $ 2.06         
  

 

 

       

Cash distributions per limited partnership unit were calculated based upon the weighted average number of units outstanding for each quarter and were paid from operations. Distributions declared in January 2013 amounted to $0.60 per limited partnership unit and were paid in February 2013.