15. DISTRIBUTIONS TO UNITHOLDERS

The table below reflects the payment of cash distributions on common units related to the periods indicated.


	Distribution		Date of	Date of	Date of
Three months ended	per unit		declaration	record	distribution
March 31, 2018	$	0.4508	May 8, 2018	May 22, 2018	May 31, 2018
June 30, 2018	$	0.4508	August 8, 2018	August 21, 2018	August 31, 2018
September 30, 2018	$	0.1500	November 9, 2018	November 20, 2018	November 30, 2018
December 31, 2018	$	0.1500	February 7, 2019	February 20, 2019	February 28, 2019
March 31, 2019	$	0.1500	May 3, 2019	May 22, 2019	May 31, 2019

In connection with the second-quarter 2019 and the third-quarter 2019 distributions, the Board determined to establish a cash reserve to pay down a portion of the Partnership’s debt outstanding under the Credit Agreement. Following the establishment of the cash reserve, the Board determined that the Partnership did not have any available cash and, as a result, no cash distribution was declared for the common units with respect to either the second-quarter 2019 or the third-quarter 2019.

The table below reflects the payment of distributions on Class B Preferred Units (defined below) related to the periods indicated.


	Cash distribution		Date of	Date of	Date of
Three months ended	per unit		declaration	record	distribution
March 31, 2018	$	0.28225	May 8, 2018	May 22, 2018	May 31, 2018
June 30, 2018 (a)	$	0.22580	August 8, 2018	August 21, 2018	August 31, 2018
September 30, 2018	$	0.28225	November 9, 2018	November 20, 2018	November 30, 2018
December 31, 2018	$	0.28225	February 7, 2019	February 20, 2019	February 28, 2019
March 31, 2019	$	0.28225	May 3, 2019	May 22, 2019	May 31, 2019

(a)

The Partnership elected to pay the second-quarter 2018 distribution on the Class B Preferred Units in part cash and part in Class B Preferred PIK Units. Accordingly, the Partnership declared a cash distribution of $0.22580 per Class B Preferred Unit and an aggregate distribution of 310,009 Class B Preferred PIK Units, each distribution was paid on August 31, 2018 to holders of record on August 21, 2018.

On August 2, 2019, Stonepeak exchanged all of the issued and outstanding Class B Preferred Units for newly issued Class C Preferred Units (the “Class C Preferred Units”). As a result, no distribution was declared with respect to the Class B Preferred Units.

The table below reflects the payment of distributions on Class C Preferred Units related to the periods indicated.


	Class C Preferred		Date of	Date of	Date of
Three months ended	PIK distribution		declaration	record	distribution
June 30, 2019		939,327	August 8, 2019	August 20, 2019	August 30, 2019
September 30, 2019		1,007,820	October 30, 2019	November 29, 2019	November 20, 2019