Members' Equity

12 Months Ended

Oct. 31, 2012

Members' Equity [Abstract]

Members' Equity

MEMBERS' EQUITY

The Company has one class of membership units. The units have no par value and have identical rights, obligations and privileges. Income and losses are allocated to all members based upon their respective percentage of units held. As of October 31, 2012, 2011 and 2010, the Company had 30,606, 30,656 and 30,656 membership units authorized, issued, and outstanding, respectfully.

In December 2011, the Board of Governors exercised its discretion to redeem 50 membership units totaling $66,420 from an investor due to a unique restriction on transfers situation.

In October 2011, the Board of Governors declared a cash distribution of $300 per unit or $9,196,800 for unit holders of record as of October 27, 2011. The distribution was paid on December 15, 2011.

In November 2010, the Board of Governors declared a cash distribution of $300 per unit or $9,196,800 for unit holders of record as of November 23, 2010. The distribution was paid on December 15, 2010.

In November 2009, the Board of Governors declared a cash distribution of $150 per unit or $4,598,400 for unit holders of record as of November 19, 2009. The distribution was paid on December 16, 2009.