9. DISTRIBUTIONS OF AVAILABLE CASH

We distribute 100% of our available cash (including any held by MGP) within 50 days after the end of each quarter to unitholders of record. Available cash is generally defined in the partnership agreement as all cash and cash equivalents of AHGP and its direct subsidiaries on hand at the end of each quarter less reserves established by AGP in its reasonable discretion for future cash requirements. These reserves are retained to provide for the conduct of our business, the payment of debt principal and interest and to provide funds for future distributions.

Our cash generating assets currently consist entirely of our partnership interests in ARLP, from which we receive quarterly cash distributions. At December 31, 2013, our assets consisted of the following partnership interests in ARLP: a 1.98% general partner interest in ARLP, which we hold through our 100% ownership interest in MGP; the IDRs in ARLP, which we hold through our 100% ownership interest in MGP; 15,544,169 common units of ARLP, representing approximately 42.1% of the common units of ARLP; and a 0.001% managing interest in Alliance Coal.

The following table summarizes the quarterly per unit distribution paid during the respective quarter:

	Year
	2013		2012		2011
First Quarter	$	0.7400	$	0.6375	$	0.5275
Second Quarter	$	0.7625	$	0.6675	$	0.5550
Third Quarter	$	0.7850	$	0.6975	$	0.5825
Fourth Quarter	$	0.8075	$	0.7200	$	0.6100

On January 28, 2014, we declared a quarterly distribution of $0.8275 per unit, totaling approximately $49.5 million, which was paid on February 19, 2014, to all unitholders of record on February 12, 2014.