dividend
confidence high
sentiment neutral
materiality 0.30
ECA Marcellus Trust I declares $0.180/unit quarterly distribution
ECA Marcellus Trust I
- Distribution of $0.180 per unit for quarter ended Sept 30, 2022; payable Nov 29, 2022 to holders of record Nov 21, 2022.
- Trustee is withholding $90,000 from distributable funds to build cash reserve; target reserve increased to $3.8 million as of Nov 2021.
- Trust holds royalty interests in Marcellus Shale properties (Greylock Energy); distributions fluctuate with natural gas prices and production.
- Press release includes withholding tax notice for non-U.S. unitholders under IRC Sections 1446 and 1441.