other material
confidence high
sentiment negative
materiality 0.60
Mills Music Trust Q4 distribution per unit falls 16% to $0.5601 on higher expenses
MILLS MUSIC TRUST
- Current distribution per unit $0.5601 vs $0.6656 prior year quarter, down 15.9% due to administrative expenses rising from $87,981 to $132,887.
- Trust received $288,427 royalty payment from EMI ($1.0386/unit), up from $272,831 ($0.9824/unit) prior year same period.
- Trailing twelve-month distribution per unit $3.0050 vs $2.9903, a slight increase of 0.5%.
- Gross royalty income collected by EMI for the three months ended March 31, 2024 was $879,007, down from $900,151 in prior year.
- Administrative fees and expenses increased 51% to $132,887, reducing distributable amount.