XML 42 R29.htm IDEA: XBRL DOCUMENT v3.22.4
Partners' Capital and Distributions (Tables)
12 Months Ended
Dec. 31, 2022
Partners' Capital Notes [Abstract]  
Schedule of Changes in Number of Shares Outstanding

The changes in the number of shares of the Company outstanding from December 31, 2019 through December 31, 2022 are as follows:

 

 

Class A Shares

 

 

 

 

 

 

 

 

 

 

 

Public

 

Sponsors

 

 

Total Class A Shares

 

 

Class B Shares
Sponsors

 

 

Total Class A and Class B Shares

 

Balance, December 31, 2019

 

17,062,655

 

 

898,000

 

 

 

17,960,655

 

 

 

266,416,928

 

 

 

284,377,583

 

Equity-based compensation

 

67,653

 

 

-

 

 

 

67,653

 

 

 

-

 

 

 

67,653

 

Balance, December 31, 2020

 

17,130,308

 

 

898,000

 

 

 

18,028,308

 

 

 

266,416,928

 

 

 

284,445,236

 

Equity-based compensation

 

118,760

 

 

-

 

 

 

118,760

 

 

 

-

 

 

 

118,760

 

Equity offering transaction -
   March 2021

 

6,900,000

 

 

-

 

 

 

6,900,000

 

 

 

(6,900,000

)

 

 

-

 

Equity offering transaction -
   October 2021

 

8,625,000

 

 

-

 

 

 

8,625,000

 

 

 

(8,625,000

)

 

 

-

 

Repurchase Transaction

 

-

 

 

-

 

 

 

-

 

 

 

(31,250,000

)

 

 

(31,250,000

)

Balance, December 31, 2021

 

32,774,068

 

 

898,000

 

 

 

33,672,068

 

 

 

219,641,928

 

 

 

253,313,996

 

Equity-based compensation

 

95,778

 

 

-

 

 

 

95,778

 

 

 

-

 

 

 

95,778

 

Equity offering transaction -
   April 2022

 

10,235,000

 

 

-

 

 

 

10,235,000

 

 

 

(10,235,000

)

 

 

-

 

Repurchase Transaction

 

-

 

 

-

 

 

 

-

 

 

 

(13,559,322

)

 

 

(13,559,322

)

Balance, December 31, 2022

 

43,104,846

 

 

898,000

 

 

 

44,002,846

 

 

 

195,847,606

 

 

 

239,850,452

 

 

Schedule of Distributions Declared and Paid The following table details the distributions declared and/or paid for the periods presented:

 

Period

 

Record Date

 

Distribution Date

 

Distribution per Class A share

 

First Quarter 2020

 

May 4, 2020

 

May 14, 2020

 

$

0.4310

 

Second Quarter 2020

 

August 6, 2020

 

August 14, 2020

 

$

0.4363

 

Third Quarter 2020

 

November 5, 2020

 

November 13, 2020

 

$

0.4417

 

Fourth Quarter 2020

 

February 4, 2021

 

February 12, 2021

 

$

0.4471

 

First Quarter 2021

 

May 3, 2021

 

May 13, 2021

 

$

0.4526

 

Second Quarter 2021

 

August 9, 2021

 

August 13, 2021

 

$

0.5042

 

Third Quarter 2021

 

November 4, 2021

 

November 12, 2021

 

$

0.5104

 

Fourth Quarter 2021

 

February 3, 2022

 

February 14, 2022

 

$

0.5167

 

First Quarter 2022

 

May 5, 2022

 

May 13, 2022

 

$

0.5492

 

Second Quarter 2022

 

August 4, 2022

 

August 12, 2022

 

$

0.5559

 

Third Quarter 2022

 

November 3, 2022

 

November 14, 2022

 

$

0.5627

 

Fourth Quarter 2022(1)

 

February 2, 2023

 

February 13, 2023

 

$

0.5696

 

 

(1)
For more information, see Note 15, Subsequent Events.