dividend
confidence high
sentiment neutral
materiality 0.45
ECA Marcellus Trust I declares Q4 distribution of $0.136/unit; cash reserve target raised to $3.8M
ECA Marcellus Trust I
- Distribution of $0.136 per unit for Q4 2021, payable Feb 28, 2022 to holders of record Feb 18, 2022.
- Trustee increased cash reserve target to ~$3.8M from ~$1.8M; accelerated withholding begins Q1 2022.
- This quarter, Trustee withheld ~$90k from funds available for distribution to build reserve.
- Distributions remain subject to volatility in natural gas prices; low prices could reduce or eliminate future payouts.