BPT Trust reports no Q2 2025 distribution; NYSE delisting effective June 30

BP PRUDHOE BAY ROYALTY TRUST

No cash distribution for quarter ended June 30, 2025; royalty payment was $0 due to negative per barrel royalty.
Average WTI price $63.95 vs. average adjusted chargeable costs $99.63, yielding negative $37.83 per barrel royalty.
NYSE suspended trading of BPT units on June 30, 2025, and initiated delisting proceedings for non-compliance with Rule 802.01C.
Units began trading July 1 on OTC Pink under symbol BPPTU; liquidity and price expected to be significantly reduced.
Trust terminated on December 31, 2024; trustee is winding up affairs, no timeline for completion.

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