EQUITY

6 Months Ended

Jun. 30, 2016

9. EQUITY

As of June 30, 2016 and December 31, 2015, the Fund had 9,241,411 and 9,297,489 shares of limited liability company membership interest outstanding, respectively (including the DRP shares and net of repurchased shares). As of June 30, 2016 and December 31, 2015, the cumulative number of shares repurchased since inception was 416,706 and 360,628, respectively.

As the Fund approached the start of the liquidation period on July 1, 2016, it paid a pro rata cash distribution of $4,000,000 to its members in June 2016. In total, the Fund declared distributions of $5,843,212 during the three months ended June 30, 2016, of which $5,235,561 were paid and $607,651 were payable as of June 30, 2016.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Macquarie Equipment Leasing Fund, LLC 10-Q