Mesa Royalty Trust May distribution $0.0546/unit; warns of materially reduced future payouts

MESA ROYALTY TRUST/TX

May 2024 distribution of $0.054572375 per unit, payable July 31, 2024 to holders of record May 31, 2024.
Trust received $130,266 from New Mexico San Juan Basin properties (Hilcorp); no income from other working interest owners.
After cash reserves and expenses, distributable net profits were $101,701.
Distributions expected to be materially reduced until Trust builds cash reserves to $2.0 million.
Accumulated excess production costs continue to pose risk; future distributions may be eliminated.

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