Hugoton Royalty Trust Declares No September Cash Distribution
Because
- Because
of this, sales volumes may fluctuate from month to month based on the timing of cash receipts. - The Trustee intends to call a special meeting of Unit holders for the purpose of approving the sale of assets.
- The expense reserve used to pay administrative expenses in the absence of current month distributions was depleted in October 2020.
- However, there is nothing in the Trust indenture that requires Simmons Bank to pay the expenses for the Trust.