Mesa Royalty Trust announces August 2022 distribution of $0.2932/unit; cautions on future reductions

MESA ROYALTY TRUST/TX

Distribution of $0.293212491 per unit payable Oct 31, 2022 to holders of record Aug 31.
Income of $256,369 from Hilcorp-operated New Mexico San Juan properties and $331,788 from Scout-operated Hugoton properties.
No income received from Colorado San Juan properties operated by SIMCOE/IKAV or Red Willow.
Trust intends to increase cash reserves to $2.0M in 2022, materially reducing future distributions.
Accumulated excess production costs may result in periods with no distribution.

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