Mesa Royalty Trust announces April 2023 distribution of $0.2379/unit; warns of materially reduced distributions ahead

MESA ROYALTY TRUST/TX

Distribution of $0.23789576 per unit payable July 31, 2023 to holders of record April 28, 2023.
Trust received $492,928 from New Mexico San Juan Basin (Hilcorp) and $22,805 from Colorado (Red Willow).
No income received from Hugoton properties or Colorado SIMCOE/IKAV properties in April.
Trust intends to increase cash reserves to $2.0M, which will materially reduce future distributions.
Distributions subject to fluctuation based on production, prices, and expenses; could be zero in some periods.

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