4. PROFIT SHARE

The following table indicates the total profit share earned and accrued during the three and six months ended June 30, 2020 and 2019. Profit share earned (from Limited Partners’ redemptions) is credited to the New Profit Memo Account as defined in the Partnership’s Agreement of Limited Partnership.


	Three months ended:
	June 30,		June 30,
	2020		2019
Profit share earned	$	-	$	3,836
Reversal of profit share (1)		-		(217,717)
Profit share accrued		-		226,771
Total profit share	$	-	$	12,890




	Six months ended:
	June 30,		June 30,
	2020		2019
Profit share earned	$	60	$	3,836
Profit share accrued		-		226,771
Total profit share	$	60	$	230,607

(1) on April 1st