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Partners' Capital and Distributions
9 Months Ended
Sep. 30, 2020
Partners Capital Notes [Abstract]  
Partners' Capital and Distributions

Note 8.  Partners’ Capital and Distributions

Our partnership agreement requires that, within 45 days after the end of each quarter, we distribute all of our available cash, as defined in the partnership agreement, to shareholders of record on the applicable record date. The following table details the distributions declared and/or paid for the periods presented:

z

 

 

Period

 

Record Date

 

Distribution Date

 

Distribution per Common and Subordinated Unit/Class A share

 

First Quarter 2019

 

May 3, 2019

 

May 14, 2019

 

$

0.3833

 

Second Quarter 2019

 

August 5, 2019

 

August 13, 2019

 

$

0.3970

 

Third Quarter 2019

 

November 4, 2019

 

November 13, 2019

 

$

0.4112

 

Fourth Quarter 2019

 

February 6, 2020

 

February 14, 2020

 

$

0.4258

 

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(1)

 

November 5, 2020

 

November 13, 2020

 

$

0.4417

 

 

(1) For more information, see Note 14, Subsequent Events.