Mills Music Trust Q3 2024 contingent payment $241,778, down 14% YoY; no distribution due to expenses exceed payment

MILLS MUSIC TRUST

Q3 2024 contingent payment $241,778 ($0.8706/unit) vs. $281,292 ($1.0129/unit) in Q3 2023, a 14% decline.
Administrative expenses of $277,422 exceeded the payment, creating a deficit; no distribution to unit holders.
Trustees will create a reserve from future distributions to cover the deficit and anticipated future expenses.
Gross royalty income collected for Q3 2024 was $610,486, down from $815,552 in Q3 2023.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.