MV Oil Trust declares Q1 distribution of $0.425/unit; net profits $5.24M

MV Oil Trust

Distribution of $0.425 per unit payable April 25, 2022 to holders of record April 18.
Net profits for period: $5,242,605 (80% of $6,553,256); volumes 144,512 BOE at $77.07/BOE.
Trustee withheld $105,417 for future expenses reserve; total withheld to date $210,834 (target ~$1.265M).
MV Partners' capex reserve was $0; gross proceeds $11.14M, costs $4.58M.

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