other material
confidence high
sentiment positive
materiality 0.50
Mills Music Trust Q3 2023 contingent payment rises 14% YoY to $0.6406/unit distribution
MILLS MUSIC TRUST
- Q3 2023 contingent payment from EMI: $281,292 ($1.0129/unit) vs $247,720 ($0.8920/unit) in Q3 2022.
- After $103,396 in fees, distribution to unit holders: $177,896 ($0.6406 per unit).
- Twelve-month aggregate distribution for 2023: $863,852 ($3.1106/unit), up from $800,903 ($2.8840/unit) in 2022.
- Gross royalty income collected by EMI for Q3 2023: $815,552; related expense $289,371.