Mesa Royalty Trust declares $0.4875/unit May distribution; warns of materially reduced future payouts

MESA ROYALTY TRUST/TX

Distribution of $0.487527137 per unit payable July 31, 2023 to holders of record May 31, 2023.
Trust received $978,608 from Hilcorp-operated New Mexico properties and $7,590 from Red Willow-operated Colorado properties.
No income from Hugoton or SIMCOE-operated Colorado properties in May 2023.
Distributable net profits after reserves and expenses were $908,551.
Trust intends to increase cash reserves to $2.0 million, materially reducing future distributions; accumulated excess production costs persist.

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