CROSS TIMBERS ROYALTY TRUST 8-K
Research Summary
AI-generated summary
Cross Timbers Royalty Trust Announces Monthly Cash Distribution
What Happened
Cross Timbers Royalty Trust (CRT) filed a Form 8-K on March 20, 2026, furnishing a news release that announces a monthly cash distribution to unitholders of record on March 31, 2026. The news release was furnished as Exhibit 99.1 to the filing and the report was signed by Nancy Willis (Argent Trust Company, Trustee) and Daniel Bates (Exxon Mobil Corporation).
Key Details
- Filing date: March 20, 2026 (Form 8-K, Items 2.02 and 9.01).
- Event: Announcement of a monthly cash distribution to unitholders of record as of March 31, 2026.
- News release: Furnished as Exhibit 99.1 to the 8-K (dated March 20, 2026).
- Signatories include Nancy Willis (Director of Royalty Trust Services, Argent Trust Company) and Daniel Bates (Unconventional Finance General Manager, Exxon Mobil).
Why It Matters
For investors, monthly distributions are the primary source of cash return from a royalty trust; the record date determines who is eligible to receive this payment. The 8-K notifies holders of the distribution event, but it does not state the distribution amount or payment date in the filing itself — investors should review the attached news release (Exhibit 99.1) or official trust communications for the announced per-unit distribution and payment timing.
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