Sabine Royalty Trust declares July distribution of $0.37904/unit; oil production down, gas price down

SABINE ROYALTY TRUST

Cash distribution of $0.37904 per unit, payable July 29 to record date July 15.
Preliminary April oil production 55,484 bbls at $82.07/bbl; March gas 1,414,577 Mcf at $1.29/Mcf.
Distribution down vs prior month due to lower oil production (55k vs 76k bbls) and lower gas price ($1.29 vs $2.13).
Approximately $539k in revenue received after June month-end will be posted in July.

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