Mesa Royalty Trust announces no distribution for August 2024; costs exceeded revenue

MESA ROYALTY TRUST/TX

No August 2024 distribution; record date August 30, 2024, as costs, charges, and expenses exceeded royalty revenue.
Distributions expected to be materially reduced until trust builds $2.0 million cash reserve for added liquidity.
Cumulative excess production costs continue to reduce available proceeds; future periods may also see no distributions.
Volatility in oil/gas prices and working interest owner reports directly affect distribution amounts.

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