3 unchanged sentences
We may satisfy our obligation to pay distributions to the preferred unitholders through the issuance, in whole or in part, of additional preferred units (referred to as paid-in-kind or “PIK” distributions), with the remainder in cash, subject to certain rights of a holder to elect all cash and other conditions as described in our partnership agreement.
−Removed: The Partnership made quarterly PIK distributions to preferred unitholders in the first quarter of 2026 of 22,424 preferred unit s.
−Removed: All PIK distributions made during the first quarter of 2026 were to OTA Holdings, Inc.
+Added: The Partnership made quarterly PIK distributions to preferred unitholders in the first and second quarters of 2026 of 22,424 and 22,831 preferred unit s, respectively.
+Added: All PIK distributions made during the six months ended June 30, 2026 were to OTA Holdings, Inc.
(“OTA”), an indirect, wholly owned subsidiary of the Partnership.
1 unchanged sentence
For additional information regarding the preferred units, see Note 8 of the Notes to Unaudited Condensed Consolidated Financial Statements included under Part I, Item 1 of this quarterly report.
−Removed: The issuances of preferred units as PIK distributions during the first quarter of 2026 were undertaken in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof.
−Removed: Other than as described above, there were no sales of unregistered equity securities during the first quarter of 2026 .
+Added: The issuances of preferred units as PIK distributions during the three and six months ended June 30, 2026 were undertaken in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof.
+Added: Other than as described above, there were no sales of unregistered equity securities during the second quarter of 2026 .
Issuer Purchases of Equity Securities
−Removed: The following table summarizes our equity repurchase activity during the first quarter of 2026 :
+Added: The following table summarizes our equity repurchase activity during the second quarter of 2026 :
Period Total Number
8 unchanged sentences
– $ – – $ 3,447,761
−Removed: February 2026
2,822,059 $ 38.30 2,822,059 $ 3,339,679
1 unchanged sentence
Vesting of phantom unit awards:
−Removed: February 2026 (2)
46,906 $ 38.05 n/a n/a
−Removed: March 2026 (3)
+Added: June 2026 (3)
103 $ 37.21 n/a n/a
3 unchanged sentences
Units repurchased under this program are cancelled immediately upon acquisition.
−Removed: (2) Of the 7,118,344 phantom unit awards that vested in February 2026 and converted to common units, 2,254,919 units were sold back to us by employees to cover related withholding tax requirements.
+Added: (2) Of the 168,645 phantom unit awards that vested in May 2026 and converted to common units, 46,906 units were sold back to us by employees to cover related withholding tax requirements.
These repurchases are not part of any announced program.
We cancelled these units immediately upon acquisition.
−Removed: (3) Of the 4,075 phantom unit awards that vested in March 2026 and converted to common units, 1,080 units were sold back to us by employees to cover related withholding tax requirements.
+Added: (3) Of the 4,000 phantom unit awards that vested in June 2026 and converted to common units, 103 units were sold back to us by employees to cover related withholding tax requirements.
These repurchases are not part of any announced program.
4 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.