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Latest Trust law Stories

2014-07-03 12:22:14

DALLAS, July 3, 2014 /PRNewswire/ -- Southwest Bank, as Trustee of the Sabine Royalty Trust (NYSE:SBR), today declared a cash distribution to the holders of its units of beneficial interest of $0.25364 per unit, payable on July 29, 2014 to unit holders of record on July 15, 2014. Sabine's cash distribution history, current and prior year financial reports and tax information booklets, a link to filings made with the Securities and Exchange Commission and more can be found on its...

2014-06-20 16:21:16

DALLAS, June 20, 2014 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today announced that at the special meeting of the Trust's unitholders held today, the unitholders of the Trust voted to approve the proposal to appoint Southwest Bank as successor trustee to serve as trustee of the Trust once the resignation of the current Trustee of the Trust takes effect. The effective date of Bank of America, N.A.'s resignation as trustee of the Trust will be August 29,...

2014-06-20 12:24:13

DALLAS, June 20, 2014 /PRNewswire/ -- Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.096581 per unit, payable on July 15, 2014, to unit holders of record on June 30, 2014. This month's distribution decreased from the previous month due to a decrease to the trust in both production and pricing of both oil and gas. Also, LOE and capital expenditures rose from the previous month,...

2014-06-20 08:20:59

DALLAS, June 20, 2014 /PRNewswire/ -- Southwest Bank, as Trustee of the Hugoton Royalty Trust (NYSE: HGT) (the "Trust"), today declared a cash distribution to the holders of its units of beneficial interest of $0.094512 per unit, payable on July 15, 2014, to unitholders of record on June 30, 2014. The following table shows underlying gas sales and average prices attributable to the net overriding royalty payments made by XTO Energy Inc. (XTO Energy) to the Trust for both the current...

2014-06-20 08:20:55

DALLAS, June 20, 2014 /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 $0.168175 per unit, payable on July 15, 2014, to unitholders of record on June 30, 2014. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions....

2014-06-18 16:22:46

DALLAS, June 18, 2014 /PRNewswire/ -- Dominion Resources Black Warrior Trust (NYSE: DOM) In view of the unusual market activity in the Trust's units, the New York Stock Exchange has contacted the Trustee in accordance with its usual practice. The Trustee stated that its policy is not to comment on unusual market activity. The Trust is designed to provide unitholders with quarterly cash distributions from its royalty interests in certain coal seam gas properties. The units are...

2014-06-04 12:23:16

DALLAS, June 4, 2014 /PRNewswire/ -- Southwest Bank, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to the holders of its units of beneficial interest of $0.42298 per unit, payable on June 30, 2014, to Unit holders of record on June 16, 2014. Sabine's cash distribution history, current and prior year financial reports and tax information booklets, a link to filings made with the Securities and Exchange Commission and more can be found on its...

2014-05-26 20:21:09

MONTRÉAL, May 26, 2014 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB" or the "Trust") is proud to announce that, after the conclusion of the due diligence process, it has purchased a commercial property in Saint-Jean-sur-Richelieu, province of Quebec. The purchase price for this property is $31.6 million, excluding transaction fees and brings to 69 the number of properties owned by BTB, for a total leasable area of 4.8 million square feet. Located on a major...

2014-05-23 20:20:58

DALLAS, May 23, 2014 /PRNewswire/ -- Cross Timbers Royalty Trust (NYSE: CRT) today announced that the Special Meeting of the Trust's unitholders scheduled for today for the purpose of obtaining approval of the appointment of Southwest Bank as successor trustee of the Trust, was adjourned due to the lack of the requisite quorum. The Special Meeting has been adjourned until Friday, June 20, 2014 at 2:00 p.m., local time, at Shady Oaks Country Club, 320 Roaring Springs Road, Fort Worth,...

2014-05-23 16:22:03

DALLAS, May 23, 2014 /PRNewswire/ -- U.S. Trust, Bank of America Private Wealth Management, a division of Bank of America, N.A., as Trustee of the Hugoton Royalty Trust (NYSE: HGT), announced that at the special meeting of the Trust's unitholders held today, the unitholders of the Trust voted to approve the proposal to appoint Southwest Bank as successor trustee to serve as trustee of the Trust once the resignation of the current Trustee of the Trust takes effect. The effective date...


Word of the Day
endocarp
  • The hard inner (usually woody) layer of the pericarp of some fruits (as peaches or plums or cherries or olives) that contains the seed.
This word comes from the Greek 'endon,' in, within, plus the Greek 'kardia,' heart.
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