Trust law

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.05 Per Share

Retrieved on: 
Friday, February 22, 2019

The Board of Trustees of the GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (the Fund) approved the continuation of its policy of paying monthly cash distributions.

Key Points: 
  • The Board of Trustees of the GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (the Fund) approved the continuation of its policy of paying monthly cash distributions.
  • The Board of Trustees declared cash distributions of $0.05 per share for each of April, May, and June 2019.
  • Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available.
  • The GAMCO Global Gold, Natural Resources & Income Trust is a non-diversified, closed-end management investment company with $703 million in total net assets whose primary investment objective is to provide a high level of current income.

Gabelli Global Utility & Income Trust Continues Monthly Distributions, Declaring Distributions of $0.10 Per Share

Retrieved on: 
Friday, February 22, 2019

The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American:GLU) (the Fund) approved the continuation of its policy of paying fixed monthly cash distributions.

Key Points: 
  • The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American:GLU) (the Fund) approved the continuation of its policy of paying fixed monthly cash distributions.
  • The Board of Trustees declared cash distributions of $0.10 per share for each of April, May, and June 2019.
  • The distribution for May 2019 will be payable on May 23, 2019 to common shareholders of record on May 16, 2019.
  • The distribution for June 2019 will be payable on June 21, 2019 to common shareholders of record on June 14, 2019.

Gabelli Utility Trust Continues Monthly Distributions, Declaring Distributions of $0.05 Per Share

Retrieved on: 
Friday, February 22, 2019

The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the Fund) approved the continuation of its policy of paying fixed monthly cash distributions.

Key Points: 
  • The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the Fund) approved the continuation of its policy of paying fixed monthly cash distributions.
  • The Board of Trustees declared cash distributions of $0.05 per share for each of April, May, and June 2019.
  • The distribution for June 2019 will be payable on June 21, 2019 to common shareholders of record on June 14, 2019.
  • The Gabelli Utility Trust has paid a distribution to shareholders every month since October 1999.

FS50763763

Retrieved on: 
Thursday, February 21, 2019

The complainant made two requests for information regarding several meetings. The Commissioner’s decision is that the Canal & River Trust was entitled to rely on Section 14 to refuse both requests. The Commissioner also is satisfied that, on the balance of probabilities, the Trust did issue its refusal notice in respect of Request 1 on the 20 th working day and therefore no breach of Section 10 occurred in respect of this request. However, in relation to Request 2, the Trust failed to issue its refusal notice within 20 working days and thus breached Section 10 of the FOIA. The Commissioner does not require the Trust to take any further steps.

Key Points: 
  • The complainant made two requests for information regarding several meetings.
  • The Commissioners decision is that the Canal & River Trust was entitled to rely on Section 14 to refuse both requests.
  • However, in relation to Request 2, the Trust failed to issue its refusal notice within 20 working days and thus breached Section 10 of the FOIA.
  • The Commissioner does not require the Trust to take any further steps.

Mesa Royalty Trust Announces Trust Income for February 2019

Retrieved on: 
Tuesday, February 19, 2019

Mesa Royalty Trust (NYSE:MTR) announced the Trust income distribution for the month of February2019.

Key Points: 
  • Mesa Royalty Trust (NYSE:MTR) announced the Trust income distribution for the month of February2019.
  • The Trust received $97,150 and $64,114 from the New Mexico and Colorado portions, respectively, of the San Juan Basin Properties.
  • The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty.
  • The Trustee cannot assure that errors or adjustments by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust.

San Juan Basin Royalty Trust Declares February Cash Distribution

Retrieved on: 
Friday, February 15, 2019

Compass Bank, as Trustee of the San Juan Basin Royalty Trust (the Trust) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the Unit Holders) of $2,642,743.13 or $0.056701 per Unit, based primarily upon production during the month of December 2018, subject to certain adjustments by the operator of the Trusts subject interests, Hilcorp San Juan L.P. (Hilcorp), for prior months.

Key Points: 
  • Compass Bank, as Trustee of the San Juan Basin Royalty Trust (the Trust) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the Unit Holders) of $2,642,743.13 or $0.056701 per Unit, based primarily upon production during the month of December 2018, subject to certain adjustments by the operator of the Trusts subject interests, Hilcorp San Juan L.P. (Hilcorp), for prior months.
  • The distribution is payable March 14, 2019, to Unit Holders of record as of February 28, 2019.
  • Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 2,513,739 Mcf (2,793,043 MMBtu) for December 2018, as compared to 2,458,241 Mcf (2,731,379 MMBtu) for November 2018.
  • Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements.

BTB announces its distribution for the month of February 2019

Retrieved on: 
Friday, February 15, 2019

MONTRAL, Feb. 15, 2019 /CNW Telbec/ -BTB Real Estate Investment Trust (TSX:BTB.UN) announced today that the monthly cash distribution for the month of February 2019 is $0.035 per unit, representing $0.42 per unit on an annualized basis.

Key Points: 
  • MONTRAL, Feb. 15, 2019 /CNW Telbec/ -BTB Real Estate Investment Trust (TSX:BTB.UN) announced today that the monthly cash distribution for the month of February 2019 is $0.035 per unit, representing $0.42 per unit on an annualized basis.
  • The cash distribution will be paid on March15, 2019 to unitholders of record on February 28, 2019.
  • BTB is a real estate investment trust listed on the Toronto Stock Exchange.
  • Today, BTB owns 66 retail, office and industrial properties for a total leasable area of approximately 5.2 million square feet.

Camden Property Trust Named One of Fortune’s 100 Best Companies to Work For®

Retrieved on: 
Thursday, February 14, 2019

Camden Property Trust (NYSE:CPT) announced today that it has been ranked #19 on FORTUNEs 22nd annual 100 Best Companies to Work For list.

Key Points: 
  • Camden Property Trust (NYSE:CPT) announced today that it has been ranked #19 on FORTUNEs 22nd annual 100 Best Companies to Work For list.
  • We are honored to be recognized for the 12th consecutive year as one of the best workplaces in America, said Keith Oden, President of Camden Property Trust.
  • To identify the 100 Best Companies to Work For, each year FORTUNE partners with Great Place to Work to conduct the most extensive employee survey in corporate America.
  • Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities.

Polarization spikes as Canadians seek institutions in which they can trust

Retrieved on: 
Thursday, February 14, 2019

Canada's trust inequality between the mass population and informed public is the second highest of all 27 markets studied.

Key Points: 
  • Canada's trust inequality between the mass population and informed public is the second highest of all 27 markets studied.
  • Seventy-one per cent of Canadians admit to worrying about false information or fake news being used as a weapon, up six points from last year.
  • Continuing the upward trend observed in 2018, 71 per cent of Canadians expressed trust in traditional media.
  • The 2019 Edelman Trust Barometer is the firm's 19th annual trust and credibility survey.

Whiting USA Trust II Announces Trust Quarterly Distribution

Retrieved on: 
Friday, February 8, 2019

The February 2019 distribution includes production of 30,786 BOE attributable to four Keystone South farm-out wells, which production generated gross proceeds of $1.4 million during the fourth quarterly payment period of 2018.

Key Points: 
  • The February 2019 distribution includes production of 30,786 BOE attributable to four Keystone South farm-out wells, which production generated gross proceeds of $1.4 million during the fourth quarterly payment period of 2018.
  • All costless collar hedge contracts terminated as of December 31, 2014, and no additional hedges are allowed to be placed on Trust assets.
  • Additionally, the estimated time when the market price of the Trust units should decline to zero is based on the economic rights of the Trust units.
  • The trading price of the Trust units is affected by factors outside of the control of the Trust or Whiting, including actions of market participants, among others.