Partners' Capital

6 Months Ended

Jun. 30, 2020

Partners' Capital Notes [Abstract]

Partners' Capital Notes Disclosure [Text Block]

(6)  Partners’ Capital –

For the six months ended June 30, 2020 and 2019, the Partnership declared distributions of $299,396 and $396,364, respectively. The Limited Partners received distributions of $296,403 and $392,400 and the General Partners received distributions of $2,993 and $3,964 for the periods, respectively. The Limited Partners' distributions represented $15.77 and $20.34 per Limited Partnership Unit outstanding using 18,791 and 19,296 weighted average Units in 2020 and 2019, respectively. The distributions represented $5.81 and $5.45 per Unit of Net Income and $9.96 and $14.89 per Unit of contributed capital in 2020 and 2019, respectively.

As part of the distributions discussed above, the Partnership distributed net sale proceeds of $64,513 in 2019. The Limited Partners received distributions of $63,868 and the General Partners received distributions of $645. The Limited Partners’ distributions represented $3.29 per Unit.

On April 1, 2020, the Partnership did not repurchase any Units from the Limited Partners. On April 1, 2019, the Partnership repurchased a total of 64.66 Units for $48,051 from five Limited Partners in accordance with the Partnership Agreement. The Partnership acquired these Units using Net Cash Flow from operations. The repurchases increase the remaining Limited Partners' ownership interest in the Partnership. As a result of these repurchases and pursuant to the Partnership Agreement, the General Partners received distributions of $486 in 2019.