Partners' Capital

3 Months Ended

Mar. 31, 2018

Partners' Capital [Abstract]

Partners' Capital [Text Block]

Note 7 – Partners’ Capital

Distribution Reinvestment Program

The February 2018 distribution resulted in 576,923 common units issued to the public at a discounted average price of $38.83 per unit associated with the reinvested distributions of $22 million.

Common Units

The Board of Directors of our general partner declared a cash distribution of $0.614 per common unit on April 23, 2018, to be paid on May 11, 2018, to unitholders of record at the close of business on May 4, 2018.

Class B Units

The Class B units are not entitled to cash distributions. Instead, prior to conversion into common units, the Class B units receive quarterly distributions of additional paid-in-kind Class B units. Effective February 10, 2015, each Class B unit became convertible at the election of either us or the holders of such Class B unit into a common unit on a one-for-one basis. The Board of Directors of our general partner has authorized the issuance of 318,553 Class B units associated with the first-quarter distribution, to be issued on May 11, 2018.