Partners' Capital

12 Months Ended

Dec. 31, 2019

Note 17. PARTNERS’ CAPITAL

We issued common units (net of units withheld for income taxes) as a result of the vesting of phantom units and conversion of profits interests previously issued primarily to Circle K employees who provide services principally to CrossAmerica totaling 50,328 common units in 2019, 40,534 common units in 2018 and 35,993 common units in 2017. See Note 18 for additional information.

See Note 13 for information regarding the issuance of common units to Circle K as payment of a portion of the amounts due under the terms of the Circle K Omnibus Agreement.

Distributions

Quarterly distribution activity to common unitholders for 2019 was as follows:

Quarter Ended

Record Date

Payment Date

Cash

Distribution

(per unit)

Cash

Distribution

(in thousands)

December 31, 2018

February 11, 2019

February 19, 2019

0.5250

18,099

March 31, 2019

May 6, 2019

May 13, 2019

0.5250

18,099

June 30, 2019

July 30, 2019

August 6, 2019

0.5250

18,115

September 30, 2019

November 5, 2019

November 12, 2019

0.5250

18,115

December 31, 2019

February 3, 2020

February 10, 2020

0.5250

18,111

The amount of any distribution is subject to the discretion of the Board, which may modify or revoke our cash distribution policy at any time. Our Partnership Agreement does not require us to pay any distributions. As such, there can be no assurance we will continue to pay distributions in the future.