NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE FOURTH QUARTER OF FISCAL 2024 [Yahoo! Finance]
North European Oil Royality Trust (NRT)
US:NYSE Investor Relations:
neort.com/investors.html
Company Research
Source: Yahoo! Finance
per unit for the fourth quarter of fiscal 2024, payable on November 27, 2024 to owners of record on November 15 In accordance with the agreements between the Trust and the operating companies, the Trust's monthly scheduled royalty payments are paid based on the amount of royalties that were payable to the Trust in the prior calendar quarter. For the quarter ending October 31, 2024 , the reduction in the amount of the distribution payable largely resulted from the carry-over negative adjustments from the prior quarter and the substantial negative adjustment from calendar 2023 under both the Mobil and OEG royalty agreements. The negative carry-over adjustment from calendar 2023 will impact the scheduled royalty payments for the first quarter of fiscal 2025. Further details will be available in the 10-K scheduled to be released on or about December 31, 2024 The cumulative 12-month distribution, which includes the November 2024 distribution and the three prior quarterly distributions,
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Sec Filings
- 11/1/24 - Form 8-K
- 10/23/24 - Form 8-K/A
- 10/2/24 - Form 3
- NRT's page on the SEC website