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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2020
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 16—SUBSEQUENT EVENTS

The Partnership has evaluated events that occurred subsequent to June 30, 2020 in the preparation of its condensed consolidated financial statements.

Joint Venture

In July 2020, in connection with the Joint Venture, the Partnership paid capital contributions of $0.5 million.

Distributions

On August 5, 2020, the Partnership paid a quarterly cash distribution on the Series A preferred units of approximately $1.0 million for the quarter ended June 30, 2020.

On August 5, 2020, the Partnership paid a quarterly cash distribution to each Class B unitholder equal to 2.0% of such unitholder’s respective Class B Contribution, resulting in a total quarterly distribution of $23,141 for the quarter ended June 30, 2020.

On July 24, 2020, the Board of Directors declared a quarterly cash distribution of $0.13 per common unit for the quarter ended June 30, 2020. The distribution will be paid on August 10, 2020 to common unitholders and OpCo common unitholders of record as of the close of business on August 3, 2020.