Partners' Capital

9 Months Ended

Sep. 30, 2020

Partners' Capital Notes [Abstract]

Partners' Capital Notes Disclosure [Text Block]

(6)  Partners’ Capital –

For the nine months ended September 30, 2020 and 2019, the Partnership declared distributions of $347,423 and $422,983, respectively. The Limited Partners received distributions of $337,000 and $411,102 and the General Partners received distributions of $10,423 and $11,881 for the periods, respectively. The Limited Partners' distributions represented $26.55 and $31.31 per Limited Partnership Unit outstanding using 12,692 and 13,131 weighted average Units in 2020 and 2019, respectively. The distributions represented $26.55 and $31.31 per Unit of Net Income and $0.00 and $0.00 per Unit of return of capital in 2020 and 2019, respectively.

As part of the distributions discussed above, the Partnership distributed net sale proceeds of $40,404 in 2019. The Limited Partners received distributions of $40,000 and the General Partners received distributions of $404. The Limited Partners’ distributions represented $3.09 per Unit.

For the nine months ended September 30, 2020, the Partnership did not repurchase any Units from the Limited Partners. For the nine months ended September 30, 2019, the Partnership repurchased a total of 497.89 Units for $371,924 from 16 Limited Partners in accordance with the Partnership Agreement. The Partnership acquired these Units using net sales proceeds. 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 $3,757 in 2019.