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Preferred Units (Tables)

3 Months Ended

Mar. 31, 2022

Preferred Units and Warrants

Dividends Declared

We have declared and paid quarterly cash distributions per unit to the holders of the Preferred Units of record as follows:

Payment Date						Distribution per Preferred Unit
February 5, 2021						$	24.375
May 7, 2021						24.375
August 6, 2021						24.375
November 5, 2021						24.375
2021 total distributions						$	97.500
February 4, 2022						$	24.375

Changes in the Preferred Units balance

Changes in the Preferred Units balance are as follows (in thousands):

			Preferred Units
Balance as of December 31, 2021			$	477,309
Net income allocated to Preferred Units			12,187
Cash distributions on Preferred Units			(12,187)
Balance as of March 31, 2022			$	477,309

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Tabular disclosure of information related to dividends declared, including paid and unpaid dividends.

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Tabular disclosure of preferred units of master limited partnerships that have priority over limited partner units in areas including liquidation, redemption, conversion, tax status of distribution or sharing in distributions. This schedule ordinarily includes a description of the preferred units that details various rights including redemption, conversion, liquidation, and sharing in distributions; capital contributed by preferred partners; number of preferred units authorized to be issued, issued, and outstanding; aggregate cumulative cash distributions made to the preferred partners; aggregate cumulative net income earned by the preferred partners; capital account balance of the preferred partners.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 5
-Subparagraph (SAB TOPIC 4.F)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770

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Represents preferred units and warrants.

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