dividend
confidence high
sentiment negative
materiality 0.35
ECA Marcellus Trust I declares $0.005/unit distribution for Q3 2024
ECA Marcellus Trust I
- Distribution of $0.005 per unit for quarter ended September 30, 2024, payable on or before November 29, 2024.
- Record date is November 22, 2024.
- Trustee continues withholding $90,000 per quarter to build cash reserve toward $3.8 million target.
- Low natural gas prices continue to reduce proceeds available for distribution; could lead to no distributions in some periods.