UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: On May 31, 2018, ARLP announced that the MGP board of directors approved the establishment of a unit repurchase program authorizing ARLP to repurchase up to $100 million of its outstanding limited partner common units.
+Added: On May 31, 2018, ARLP announced that the Board of Directors approved the establishment of a unit repurchase program authorizing ARLP to repurchase up to $100 million of its outstanding limited partner common units.
+Added: In January 2023, the Board of Directors authorized a $93.5 million increase to the unit purchase program, which had $6.5 million of available capacity as of December 31, 2022.
The unit repurchase program is intended to enhance ARLP's ability to achieve its goal of creating long-term value for its unitholders and provides another means, along with quarterly cash distributions, of returning cash to unitholders.
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The unit repurchase program authorization does not obligate ARLP to repurchase any dollar amount or number of units and repurchases may be commenced or suspended from time to time without prior notice.
−Removed: During the three months ended September 30, 2022, we did not repurchase and retire any units.
−Removed: Since inception of the unit repurchase program, we have repurchased and retired 5,460,639 units at an average unit price of $17.12 for an aggregate purchase price of $93.5 million.
+Added: The table below represents all unit repurchases for the three months ended March 31, 2023.
+Added: Total Number of Units Purchased
+Added: Average Price Paid per Unit
+Added: Total Number of Units Purchased as Part of Publicly Announced Program
+Added: Maximum Dollar Value that May Yet Be Used to Repurchase Units Under the Publicly Announced Program
+Added: (in thousands)
+Added: February 1 through February 28, 2023
+Added: As of March 31, 2023, we had repurchased 6,320,664 units as part of the unit repurchase program at an average unit price of $17.67, for an aggregate purchase price of $111.7 million since inception of the unit purchase program.
+Added: The remaining authorized amount for unit purchase under this program was $81.8 million.
DEFAULTS UPON SENIOR SECURITIES
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.