Members' Equity

12 Months Ended

Oct. 31, 2014

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, 2014, 2013 and 2012, the Company had 30,606 membership units authorized, issued, and outstanding, respectfully.

Subsequent to year end, in December 2014, the Board of Governors declared a cash distribution of $1,050 per unit or approximately $32,136,000 for unit holders of record as of December 18, 2014. This distribution was paid on January 9, 2015.

In December 2013, the Board of Governors declared a cash distribution of $180 per unit or approximately $5,509,080 for unit holders of record as of December 19, 2013. The distribution was paid on December 31, 2013.

In December 2011, the Board of Governors exercised its discretion to redeem 50 membership units totaling approximately $66,000 from an investor due to a unique restriction on transfers situation.