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Issuances of Beneficial Unit Certificates
12 Months Ended
Dec. 31, 2019
Issuances Of Beneficial Unit Certificates [Abstract]  
Issuances of Beneficial Unit Certificates

 

 

20. Issuances of Beneficial Unit Certificates

 

In August 2018, the Partnership initiated a “at the market offering” to sell up to $75.0 million of BUCs at market prices on the date of sale. The Partnership sold 310,519 BUCs under this program for net proceeds of approximately $1.8 million, net of issuance costs, during the year ended December 31, 2018. This offering was terminated effective February 8, 2019.  

 

In December 2019, a “shelf” Registration Statement on Form S-3 was declared effective by the SEC and allows the Partnership to offer up to $225.0 million of BUCs for sale from time to time. This Registration Statement will expire in December 2022.