Mesa Royalty Trust declares Dec distribution of $0.031/unit; warns of future reductions

MESA ROYALTY TRUST/TX

Distribution of $0.030835621 per unit for December 2023; record date Dec 29, 2023; payable Jan 31, 2024.
Total income of $99,199 received from Hilcorp San Juan LP (New Mexico San Juan Basin); no income from other working interest owners.
Distributable net profits after reserves and expenses: $57,465.
Trust warns distributions will be materially reduced until cash reserves reach $2.0 million for added liquidity.
Accumulated excess production costs may result in no distributions in some future periods.

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