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SUBSEQUENT EVENT
6 Months Ended
Jun. 30, 2012
SUBSEQUENT EVENT  
Subsequent Event

NOTE 17. SUBSEQUENT EVENT

 

On June 30, 2012, Thomas Raffoul, a long standing member of the Partnership’s Advisory Committee, passed away.  The Committee vacancy was filled by Edward Sarkisian by vote of the Advisory Committee at its meeting held on August 6, 2012.  Mr. Sarkisian was qualified for appointment to the Advisory Committee in the event of a vacancy by the results of the September 28, 2007 consent solicitation as reported in Form 8-K dated October 29, 2009.

 

Through August 13, 2012, the Partnership purchased a total of 251 Depositary Receipts.  The price was $26.51 per receipt or $793.50 per unit. The total cost was $6,995.  The Partnership is required to repurchase approximately 1.99 Class B Units and 0.11 General Partnership units at a cost of $1,581 and $83, respectively.