Pacific Coast Oil Trust (ROYT) Declares $0.02617 Dividend
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Pacific Coast Oil Trust Announces April Cash Distribution
March 28, 2017 4:15 PM EDTAUSTIN, 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 $0.02617 per unit, payable on April 14, 2017 to unitholders of record on April 7, 2017. The Trusts distribution calculation relates to net profits and overriding royalties generated during February 2017 as provided in the conveyance of net profits and overriding royalty interest.
The current months calculation for the Developed Properties resulted in $1.4 million of revenues less direct operating expenses... More
