MV Oil Trust declares Q1 distribution of $0.345/unit; fully funds cash reserve

MV Oil Trust

Distribution of $3,967,500 ($0.345/unit) payable April 25, 2023 to holders of record April 17, 2023.
Net profits for period: $5,486,874; Trust's 80% NPI = $4,389,499.
Trustee withheld $263,540 to fully fund $1.265M cash reserve for future expenses.
Volumes: 147,971 BOE; average price $72.67/BOE; gross proceeds $10.75M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

MV Oil Trust reported financial results for the quarterly payment period ended March 31, 2023.

Period: the quarterly payment period ended March 31, 2023
Result: reported results

Exact text from the filing

On April 5, 2023, MV Oil Trust issued a press release announcing the Trust quarterly distribution for the payment period ended March 31, 2023.

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Source: SEC EDGAR

accession 0001104659-23-042164

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