North European Oil Royalty Trust declares $0.04/unit Q1 distribution, down sharply on 2023 adjustments

NORTH EUROPEAN OIL ROYALTY TRUST

Quarterly distribution of $0.04 per unit payable Feb 26, 2025 to holders of record Feb 14, 2025.
Reduction driven by negative carry-over adjustment from calendar 2023 under Mobil and OEG royalty agreements.
Negative 2023 adjustment eliminated all Q1 fiscal 2025 OEG royalty payments, with small residual reducing Feb 2025 payment.
Mobil royalty adjustment fully offset in December 2024; further details in upcoming 10-Q due Feb 28, 2025.

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