Pacific Coast Oil Trust (ROYT) Declares $0.00487 Cash Dividend For March
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Pacific Coast Oil Trust Announces March Cash Distribution
February 27, 2017 4:45 PM ESTAUSTIN, Texas--(BUSINESS WIRE)-- PACIFIC COAST OIL TRUST (NYSE: ROYT) (the Trust), a perpetual royalty trust formed by Pacific Coast Energy Company LP (PCEC), announced today a cash distribution to the holders of its units of beneficial interest of $0.00487 per unit, payable on March 17, 2017 to unitholders of record on March 9, 2017. The Trusts distribution calculation relates to net profits and overriding royalties generated during January 2017 as provided in the conveyance of net profits and overriding royalty interest.
The current months calculation for the Developed Properties resulted in $1.2 million of revenues less direct operating expenses... More
