SandRidge Mississippian Trust II Announces Quarterly Distribution and Trust Dissolution Date
SANDRIDGE MISSISSIPPIAN TRUST II (OTC: SDRMU) today announced a quarterly distribution for the three-month period ended December 31, 2019 (which primarily relates to production attributable to the Trusts interests from September 1, 2019 to November 30, 2019) of approximately $0.7 million, or $0.014 per unit.
- SANDRIDGE MISSISSIPPIAN TRUST II (OTC: SDRMU) today announced a quarterly distribution for the three-month period ended December 31, 2019 (which primarily relates to production attributable to the Trusts interests from September 1, 2019 to November 30, 2019) of approximately $0.7 million, or $0.014 per unit.
- The Trust makes distributions on a quarterly basis on or about the 60th day following the completion of each quarter.
- The distribution is expected to occur on or before February 28, 2020 to holders of record as of the close of business on February 14, 2020.
- As provided in the trust agreement, SandRidge Energy, Inc. (SandRidge) has a right of first refusal with respect to any sale of assets to a third party.