CORRESP 5 filename5.htm Schedule 4 to September 30, 2005 response letter

Schedule 4 to September 30, 2005 response letter

Total

Partnership

AA-1

AA-2

AA-3

AA-4

PAIT A-1

PAIT A-2

Repurchase Obligations

Last Year Required to Repurchase Interests

2003

2003

2004

2006

2006

2007

Repurchase Value per Unit

2002

$ 30.97

$ 32.96

$ 24.81

$ 15.82

$ 32.05

$ 44.51

2003

$ 23.01

$ 12.81

$ 18.33

$ 13.32

$ 35.80

$ 54.87

2004

$ -

$ -

$ 16.63

$ 14.35

$ 28.53

$ 50.32

2005

$ -

$ -

$ -

$ 31.62

$ 63.51

$ 100.80

Outstanding Units

2002

25,955

23,109

39,896

30,712

26,540

19,665

2003

25,555

22,209

38,556

29,462

25,680

18,015

2004

-

-

32,301

27,462

23,250

15,390

2005

-

-

-

27,162

23,200

15,265

Maximum Obligation - 10% of Outstanding Units

2002

2,596

2,311

3,990

3,071

2,654

1,967

16,588

2003

2,556

2,221

3,856

2,946

2,568

1,802

15,948

2004

-

-

3,230

2,746

2,325

1,539

9,840

2005

-

-

-

2,716

2,320

1,527

6,563

Repurchase Obligation based on Repurchase Value of 10% of Outstanding Partnership Interest

2002

$ 80,383

$ 76,167

$ 98,982

$ 48,586

$ 85,061

$ 87,529

$ 476,708

2003

$ 58,802

$ 28,450

$ 70,673

$ 39,243

$ 91,934

$ 98,848

$ 387,951

2004

$ -

$ -

$ 53,717

$ 39,407

$ 66,332

$ 77,442

$ 236,899

2005

$ -

$ -

$ -

$ 85,882

$ 147,355

$ 153,870

$ 387,106

General Partner Cash Distribution

2002

$ 40,777

$ 10,792

$ 9,601

$ 2,266

$ 3,550

$ 28,075

2003

$ 65,244

$ 96,930

$ 38,405

$ 5,664

$ 89,275

$ 105,280

2004

$ 46,940

$ 19,257

$ 110,887

$ 136,244

2005

$ 78,264

$ 98,112

$ 112,298

Repurchase Obligation based on 150% of General Partner Cash Distribution

2002

$ 61,166

$ 16,188

$ 14,402

$ 3,398

$ 5,325

$ 42,112

$ 142,591

2003

$ 97,865

$ 145,396

$ 57,608

$ 8,496

$ 133,912

$ 157,919

$ 601,196

2004

$ -

$ -

$ 70,410

$ 28,885

$ 166,331

$ 204,366

$ 469,992

2005

$ -

$ -

$ -

$ 117,395

$ 147,168

$ 168,447

$ 433,011

Maximum Annual Repurchase Obligation

2002

$ 61,166

$ 16,188

$ 14,402

$ 3,398

$ 5,325

$ 42,112

$ 142,591

2003

$ 58,802

$ 28,450

$ 57,608

$ 8,496

$ 91,934

$ 98,848

$ 344,138

2004

$ -

$ -

$ 53,717

$ 28,885

$ 66,332

$ 77,442

$ 226,377

2005

$ -

$ -

$ -

$ 85,882

$ 147,168

$ 153,870

$ 386,920

Annual Repurchases - Units Purchased

2003

400

900

1,340

1,250

860

1,650

6,400

2004

-

-

6,255

2,001

2,430

2,625

13,311

2005

-

-

-

300

50

125

475

Annual Repurchases - Amount Paid

2003

$ 9,204

$ 11,529

$ 24,562

$ 16,650

$ 30,788

$ 90,536

$ 183,269

2004

$ -

$ -

$ 104,021

$ 28,707

$ 69,328

$ 132,090

$ 334,146

2005

$ -

$ -

$ -

$ 9,486

$ 3,176

$ 12,600

$ 25,261