Wednesday, 13 November 2024
Home Pacific Coast Oil Trust Announces There Will Be No May Cash Distribution

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Pacific Coast Oil Trust Announces There Will Be No May Cash Distribution

HOUSTON--(BUSINESS WIRE)--PACIFIC COAST OIL TRUST (OTC–ROYTL) (the “Trust”), a royalty trust formed by Pacific Coast Energy Company LP (“PCEC”), announced today that there will be no cash distribution to the holders of its units of beneficial interest of record on May 31, 2024 based on the Trust’s calculation of net profits generated during March 2024 (the “Current Month”) as provided in the conveyance of net profits interests and overriding royalty interest (the “Conveyance”). As further descr...

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