Pacific Coast Oil Trust: no distribution for April; deficit grows, dissolution pending

Pacific Coast Oil Trust

No cash distribution for April 2025; likelihood of future distributions called extremely remote.
Cumulative net profits deficit: Developed Properties $9.2M, Remaining Properties $24k.
Trust owes PCEC $10.7M (letter of credit draws, loans, accrued interest).
Whistleblower lawsuit (Potyondy v. PCEC) proceeding; Trustee independently investigating SEC complaint allegations.
Court of Appeals affirmed dismissal of Evergreen's derivative claims; Trustee plans to wind up Trust subject to investigation.

item 2.02item 9.01

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