Partners' Capital

9 Months Ended

Sep. 30, 2022

Partners' Capital Notes [Abstract]

Partners' Capital Notes Disclosure [Text Block]

(6)  Partners’ Capital –

For the nine months ended September 30, 2022 and 2021, the Partnership declared distributions of $517,174 and $440,498, respectively. The Limited Partners were allocated distributions of $512,002 and $436,093 and the General Partners were allocated distributions of $5,172 and $4,405 for the periods, respectively. The Limited Partners' distributions represented $29.78 and $23.92 per Limited Partnership Unit outstanding using 17,194 and 18,228 weighted average Units in 2022 and 2021, respectively. The distributions represented $29.78 and $8.59 per Unit of Net Income and $0 and $15.33 per Unit of contributed capital in 2022 and 2021, respectively.

On April 1, 2022, the Partnership repurchased a total of 352.29 Units for $266,947 from 30 Limited Partners in accordance with the Partnership Agreement. On April 1, 2021, the Partnership repurchased a total of 843.97 Units for $610,604 from 36 Limited Partners. The Partnership acquired these Units using net sales proceeds.  As a result of these repurchases and pursuant to the Partnership Agreement, the General Partners received distributions of $2,696 and $6,168 in 2022 and 2021, respectively.