Note 7 - Partners' Capital and Distributions

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Partners' Capital Notes Disclosure [Text Block]

7. PARTNERS’ CAPITAL AND DISTRIBUTIONS

On

April 16, 2020

, the Board approved a cash distribution of

$0.17875

 per outstanding preferred unit for the

three

months ended

March 31, 2020

.  The Partnership will pay this distribution on

May 14, 2020

, to unitholders of record as of

May 4, 2020

. The total distribution will be approximately

$6.4

 million, with approximately

$6.3

 million and

$0.1

 million paid to the Partnership’s preferred unitholders and general partner, respectively.

In addition, the Board approved a cash distribution of

$0.04

 per outstanding common unit for the

three

months ended

March 31, 2020

. The Partnership will pay this distribution on

May 14, 2020

, to unitholders of record on

May 4, 2020

. The total distribution will be approximately

$1.7

 million, with approximately

$1.6

 million and less than

$0.1

 million to be paid to the Partnership’s common unitholders and general partner, respectively, and approximately 

$0.1

 million to be paid to holders of phantom and restricted units pursuant to awards granted under the Partnership’s Long-Term Incentive Plan.