dividend
confidence high
sentiment negative
materiality 0.60
ECA Marcellus Trust I declares $0.094/unit distribution; raises cash reserve target to $3.8M
ECA Marcellus Trust I
- Q1 2022 distribution of $0.094/unit payable May 31, 2022 to holders of record May 20, 2022.
- Trustee increased cash reserve target to ~$3.8 million from ~$1.8 million to cover future expenses.
- Cash reserve withholding increased starting Q1 2022 distribution; $90k withheld this quarter.
- Distributions depend on natural gas prices and production from Marcellus Shale properties operated by Greylock Energy.