Partners' Capital

6 Months Ended

Jun. 30, 2021

Partners' Capital Notes [Abstract]

Partners' Capital Notes Disclosure [Text Block]

(6)  Partners’ Capital –

For the six months ended June 30, 2021 and 2020, the Partnership declared distributions of $263,633 and $299,396, respectively. The Limited Partners received distributions of $260,996 and $296,403 and the General Partners received distributions of $2,637 and $2,993 for the periods, respectively. The Limited Partners' distributions represented $14.21 and $15.77 per Limited Partnership Unit outstanding using 18,369 and 18,791 weighted average Units in 2021 and 2020, respectively. The distributions represented $4.05 and $5.81 per Unit of Net Income and $10.16 and $9.96 per Unit of contributed capital in 2021 and 2020, respectively.

On April 1, 2021, the Partnership repurchased a total of 843.97 Units for $610,604 from 36 Limited Partners in accordance with the Partnership Agreement. The Partnership acquired these Units using net sales proceeds. On April 1, 2020, the Partnership did not repurchase any Units from the Limited Partners. 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 $6,168 in 2021.