Core Points - The North European Oil Royalty Trust announced a quarterly distribution of $0.02 per unit for Q4 fiscal 2024, payable on November 27, 2024, to owners of record on November 15, 2024 [1] - The reduction in the distribution amount is attributed to negative adjustments from the previous quarter and significant negative adjustments from calendar year 2023 under the Mobil and OEG royalty agreements [2] - The cumulative 12-month distribution, including the November 2024 distribution, totals $0.48 per unit, which is 78.8% lower than the previous 12-month distribution of $2.26 per unit [3] Financial Summary - The Trust's quarterly distributions occur in February, May, August, and November [3] - The cumulative distribution for the past 12 months is $0.48 per unit, down from $2.26 per unit, indicating a decrease of $1.78 per unit [3]
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE FOURTH QUARTER OF FISCAL 2024