Core Viewpoint - North European Oil Royalty Trust announced a distribution of $0.20 per unit for Q2 of fiscal 2025, matching the distribution from Q2 of fiscal 2024 and increasing from $0.04 in Q1 of fiscal 2025 [1][2]. Distribution Details - The $0.20 distribution is payable on May 28, 2025, to owners of record on May 16, 2025 [1]. - The increase in distribution reflects higher prices and a reduced negative adjustment carryover compared to the first quarter of fiscal 2025 [2]. Royalty Agreements - The Trust receives royalties under the Mobil and OEG Royalty Agreements, with monthly payments based on royalties from the prior quarter [2]. - Positive adjustments at the end of Q2 fiscal 2025 included $73,451 under the Mobil Agreement and $97,508 under the OEG Agreement, along with a Mobil sulfur royalty payment of $57,240 [2]. Future Information - Additional details regarding the Trust's financials will be available in the upcoming 10-Q filing on or about May 30, 2025 [2].
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE DISTRIBUTION FOR THE SECOND QUARTER OF FISCAL 2025