secwatch.observer — SEC 8-K summary
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Issuer:     NORTH EUROPEAN OIL ROYALTY TRUST (NRT)
CIK:        0000072633
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0000072633-23-000001
Event type: dividend
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

North European Oil Royalty Trust announces $1.00 per unit distribution for Q1 fiscal 2023, up 300% from prior year.
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- Quarterly distribution of $1.00 per unit payable on February 28, 2023 to record holders on February 17, 2023.
- Distribution is 300% higher ($0.75 per unit) than the $0.25 per unit for Q1 fiscal 2022.
- Higher gas prices and positive royalty adjustments of $3,992,911 from prior quarter drove the increase.
- Cumulative 12-month distribution is $2.58 per unit, up 279.41% from prior $0.68 per unit.
- Trust warns that a negative royalty adjustment in the third fiscal quarter will likely substantially reduce distributions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72633/000007263323000001/0000072633-23-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72633/000007263323000001/ek020123.htm
  HTML page:      https://secwatch.observer/filing/0000072633-23-000001

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