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| Wednesday 5/1 Insider Buying Report: CLF, HWBK
Wed, 01 May 18:03:18 GMT |
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| Wednesday's ETF with Unusual Volume: MARB
Wed, 01 May 16:39:55 GMT |
   
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BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the First Quarter of 2024HOUSTON, Apr. 05 /BusinessWire/ -- BP Prudhoe Bay Royalty Trust (NYSE:BPT) announced that unitholders will not receive a dividend payment for the quarter ended March 31, 2024. The dividend information is as follows:
For the three months ended March 31, 2024, the Per Barrel Royalty was calculated based on the following information:
The average daily closing WTI price was below the "break-even" price for the quarter, resulting in a negative value for the payment calculation for the quarter. However, as provided in the Trust Agreement, the payment with respect to the Royalty Interest for any calendar quarter may not be less than zero. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this press release are subject to a number of risks and uncertainties beyond the control of the Trustee. The actual results, performance and prospects of the Trust could differ materially from those expressed or implied by forward-looking statements. Descriptions of some of the risks that could affect the future performance of the Trust appear in the Trust's Annual Report on Form 10-K for the year ended December 31, 2023, the Trust's subsequent Quarterly Reports on Form 10-Q, and the Trust's other filings with the Securities and Exchange Commission. The Trust's annual, quarterly and other filed reports are or will be available over the Internet at the SEC's website at http://www.sec.gov. Neither the Trust nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20240405018638/en/
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