Mesa Royalty Trust announces July distribution of $0.0018/unit; warns of reduced future payouts as it builds $2M reserve

MESA ROYALTY TRUST/TX

Distribution: $0.001801384 per unit, record July 31, payable October 31, 2024.
Trust received $36,618 from New Mexico San Juan Basin properties operated by Hilcorp; no other income.
After administrative expenses, distributable net profit was $3,357.
Distributions expected to be materially reduced until cash reserve reaches $2.0 million.
Accumulated excess production costs continue to pressure distributions and may result in zero payouts.

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