dividend
confidence high
sentiment neutral
materiality 0.30
ECA Marcellus Trust I declares Q4 2022 distribution of $0.124/unit
ECA Marcellus Trust I
- Distribution of $0.124 per unit for quarter ended Dec 31, 2022, payable on or before Feb 28, 2023 to holders of record Feb 21, 2023.
- Trustee withheld approximately $135,000 from this quarter's distributable funds to build cash reserve; target reserve increased to ~$3.8 million.
- Future distributions will vary based on natural gas prices and production from Greylock Energy's Marcellus Shale properties.
- As of Feb 10, 2023, Trust units trade on OTC Pink under ticker ECTM.