Members' Equity

12 Months Ended

Oct. 31, 2015

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, 2015, 2014 and 2013, the Company had 30,606 membership units authorized, issued, and outstanding, respectively.

Subsequent to fiscal year end, in December 2015, the Board of Governors declared a cash distribution of $315 per unit or approximately $9,641,000 for unit holders of record as of December 17, 2015 was paid on January 25, 2016.

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.