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Last updated on April 24, 2014 at 17:35 EDT

Cross Timbers Royalty Trust Declares February Cash Distribution

February 15, 2013

DALLAS, Feb. 15, 2013 /PRNewswire/ — U.S. Trust, Bank of America Private Wealth Management, as Trustee of the Cross Timbers Royalty Trust (NYSE: CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.154675 per unit, payable on March 14, 2013, to unitholders of record on February 28, 2013. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.

             Underlying Sales
                  Volumes       Average Price
                  -------       -------------
                    Oil              Gas             Oil              Gas
                  (Bbls)            (Mcf)         (per Bbl)        (per Mcf)
                   -----            ----           --------         --------

     Current
     Month               14,000           147,000           $77.45           $6.89

    Prior
     Month               18,000           151,000           $78.01           $4.53

Excess Costs

XTO Energy has advised the trustee that decreased costs led to the partial recovery of excess costs on properties underlying the Texas Working Interest net profits interests. However, there were not enough proceeds from the properties underlying the Texas Working Interest net profits interests to be included in this month’s distribution.

For more information on the Trust, please visit our web site at www.crosstimberstrust.com.

SOURCE U.S. Trust


Source: PR Newswire