As Mark mentioned earlier, one of our key financial objectives is to provide reliable and sustainable distributions to our unitholders. We pay regular monthly distributions to our unitholders which approximate 75% of our distributable cash earnings. After each quarter is completed, we declare a supplemental distribution to reflect the actual distributable cash earned in the quarter.
I mentioned earlier that distributable cash earned in the 51/2 month period ended December 31, 2001 was $11.2 million, or 86 cents per unit. Distributions to unitholders in that same period, including the applicable supplemental distribution, were $9 million, or 69 cents per unit.

In the first quarter of 2002, distributable cash earned was $6.3 million, or 49 cents per unit. Cash distributions paid in the first quarter totaled $5 million, or 38 cents per unit, including the first quarter supplemental distribution paid on April 30, 2002.

Total distributions per unit for the period from July 18, 2001 to March 31, including regular monthly distributions and supplementary distributions totaled $1.07 per unit.

Total distributable cash earned in the same period was $17.5 million, or $1.35 per unit. Although our cash distributions exceeded IPO expectations, our policy enabled us to effectively "bank" approximately $0.28 per unit, or $3.5 million of distributable cash.

In April we announced we were increasing our monthly distribution from 9 cents per unit to 10 cents per unit effective with the April distribution.

As I said earlier, we intend our monthly distribution to be approximately 75% of distributable cash earned during the period. We believe that this 10 cents per unit monthly rate accurately reflects our expected distributable cash earnings. We also believe that we can meet this increased distribution rate and still retain sufficient cash to support growth in the business.

Thank you. I will now hand the meeting back to Mark.