NRT reports Q4 FY2021 net income up 495.79% to $1.30M; distribution $0.14 per unit

NORTH EUROPEAN OIL ROYALTY TRUST

Q4 FY2021 royalty income $1.44M (+312.48% YoY), net income $1.30M (+495.79%), distributions $0.14/unit (+600%).
FY2021 royalty income $4.60M (+13.64%), net income $3.98M (+21%), distributions $0.47/unit (+46.88%).
Negative adjustments reduced Q4 royalty income by $157,538 vs $254,369 in Q4 2020.
Gas prices up ~20% under Mobil and OEG agreements; gas sales down 3-8% offset by EUR strengthening.
Annual meeting Feb 16, 2022; $0.14 distribution payable Nov 24 to record Nov 12.

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