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CASH DISTRIBUTIONS
3 Months Ended
Mar. 31, 2013
CASH DISTRIBUTIONS  
CASH DISTRIBUTIONS

(11)  CASH DISTRIBUTIONS

 

The credit agreement with American AgCredit, PCA prohibits the declaration and payment of cash distributions without prior approval from the lender.  On March 26, 2013, a distribution of $0.02 per Class A unit (a total of $150,000) payable on April 12, 2013 to unit holders of record as of March 29, 2013, was declared and approved.  The lender approved the distribution and provided their consent. No distributions were declared or paid during the three-month period ended March 31, 2012.