Partners' Capital

9 Months Ended

Sep. 30, 2019

Partners' Capital Notes [Abstract]

Partners' Capital Notes Disclosure [Text Block]

(6)  Partners’ Capital –

For the nine months ended September 30, 2019 and 2018, the Partnership declared distributions of $594,542 for both years.  The Limited Partners received distributions of $588,597 and $588,596 and the General Partners received distributions of $5,945 and $5,946 for the periods, respectively.  The Limited Partners' distributions represented $30.52 and $30.23 per Limited Partnership Unit outstanding using 19,286 and 19,473 weighted average Units in 2019 and 2018, respectively.  The distributions represented $9.52 and $2.25 per Unit of Net Income and $21.00 and $27.98 per Unit of contributed capital in 2019 and 2018, respectively.

As part of the distributions discussed above, the Partnership distributed net sale proceeds of $64,513 and $197,980 in 2019 and 2018, respectively.  The Limited Partners received distributions of $63,868 and $196,000 and the General Partners received distributions of $645 and $1,980 for the periods, respectively.  The Limited Partners’ distributions represented $3.32 and $10.10 per Unit for the periods, respectively.

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.  On April 1, 2018, the Partnership repurchased a total of 213.34 Units for $186,957 from eight Limited Partners. 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 and $1,888 in 2019 and 2018, respectively.