Cross Timbers Royalty Trust Declares $0.20 Quarterly Distribution
Ticker: CRT · Form: 8-K · Filed: Jul 19, 2024 · CIK: 881787
| Field | Detail |
|---|---|
| Company | Cross Timbers Royalty Trust (CRT) |
| Form Type | 8-K |
| Filed Date | Jul 19, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: distribution, royalty-trust, income
TL;DR
Cross Timbers Royalty Trust paying $0.20/unit on Aug 14. Q2 distribution.
AI Summary
Cross Timbers Royalty Trust announced a quarterly cash distribution of $0.20 per unit on July 19, 2024. This distribution is for the second quarter of 2024 and is payable on August 14, 2024, to unitholders of record as of July 29, 2024. The trust's operations are primarily related to oil and gas royalty interests.
Why It Matters
This distribution provides income to unitholders and reflects the trust's performance in oil and gas royalty revenue for the second quarter.
Risk Assessment
Risk Level: low — This is a routine distribution announcement for a royalty trust, with no significant new risks or changes disclosed.
Key Numbers
- $0.20 — Quarterly Distribution Per Unit (Represents income paid to unitholders for Q2 2024.)
Key Players & Entities
- Cross Timbers Royalty Trust (company) — Registrant
- $0.20 (dollar_amount) — Quarterly cash distribution per unit
- July 19, 2024 (date) — Date of report and announcement
- August 14, 2024 (date) — Payment date for distribution
- July 29, 2024 (date) — Record date for distribution
- Argent Trust Company (company) — Trustee
FAQ
What is the amount of the quarterly cash distribution per unit?
The quarterly cash distribution per unit is $0.20.
When will the distribution be paid to unitholders?
The distribution will be paid on August 14, 2024.
Who is eligible to receive this distribution?
Unitholders of record as of July 29, 2024, are eligible to receive the distribution.
What period does this distribution cover?
This distribution covers the second quarter of 2024.
Who acts as the trustee for Cross Timbers Royalty Trust?
Argent Trust Company acts as the trustee.
Filing Stats: 475 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-07-19 13:06:03
Filing Documents
- crt_8-k_2407_distributio.htm (8-K) — 42KB
- crt-ex99_1.htm (EX-99.1) — 31KB
- 0000950170-24-084832.txt ( ) — 75KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On July 19, 2024, the Registrant issued a news release announcing its monthly cash distribution to unitholders of record on July 31, 2024. A copy of the news release is furnished as Exhibit 99.1. The information in this Current Report, including the news release attached hereto, is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that Section.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit 99.1 News Release dated July 19, 2024 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CROSS TIMBERS ROYALTY TRUST By: ARGENT TRUST COMPANY, TRUSTEE Date: July 19, 2024 By: /s/ NANCY WILLIS Nancy Willis Director of Royalty Trust Services EXXON MOBIL CORPORATION By: /s/ WENDI POWELL Wendi Powell Upstream Controller 3