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Distributions To Unitholders
12 Months Ended
Dec. 31, 2019
Distributions To Unitholders  
Distributions To Unitholders

16. DISTRIBUTIONS TO UNITHOLDERS

The table below reflects the payment of cash distributions on common units relating to the years ended December 31, 2019 and 2018.

 

 

 

 

 

 

 

 

 

 

 

 

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

The table below reflects the payment of distributions on Class B Preferred Units relating to the years ended December 31, 2019 and 2018.

 

 

 

 

 

 

 

 

 

 

 

 

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 $0.2258 per Class B Preferred Unit and an aggregate distribution of 310,009 Class B Preferred PIK    Units, which 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”). Following the Exchange, 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

December 31, 2019

 

 

1,039,314

 

February 13, 2020

 

February 28, 2020

 

February 20, 2020