Cash Distributions

6 Months Ended

Jun. 30, 2013

Cash Distributions

Cash Distributions

5.  Cash Distributions

We make distributions of available cash (as defined in our partnership agreement) from operating surplus in the following manner:

· first, 98% to the common unitholders, pro rata, and 2% to our general partner, until we distribute for each outstanding common unit an amount equal to the minimum quarterly distribution for that quarter;

· second, 98% to common unitholders, pro rata, and 2% to our general partner, until each unit has received a distribution of $0.4025;

· third, 85% to all common unitholders, pro rata, and 15% to our general partner, until each unit has received a distribution of $0.4375;

· fourth, 75% to all common unitholders, pro rata, and 25% to our general partner, until each unit has received a total of $0.525; and

· thereafter, 50% to all common unitholders, pro rata, and 50% to our general partner.

The following table summarizes our distributions per unit for 2012 and 2013:

Period Covering	Payment Date	Distribution perLimited PartnerUnit		Total Distribution (1)
1/1/2012 — 3/31/2012	May 15, 2012	$	0.4975	$	22.5 million
4/1/2012 — 6/30/2012	August 14, 2012	0.5025		22.8 million
7/1/2012 — 9/30/2012	November 14, 2012	0.5075		23.0 million
10/1/2012 — 12/31/2012	February 14, 2013	0.5125		23.3 million
1/1/2013 — 3/31/2013	May 15, 2013	0.5175		27.6 million

(1)  Includes distributions to our general partner on its incentive distribution rights.

On July 30, 2013, our board of directors approved a cash distribution of $0.5225 per limited partner unit, or approximately $27.9 million, including distributions to our general partner on its incentive distribution rights. The distribution covers the period from April 1, 2013 through June 30, 2013. The record date for this distribution is August 9, 2013 and payment is expected to occur on August 14, 2013.