HOUSTON, March 22, 2019 /PRNewswire/ -- Chesapeake Granite
Wash Trust (NYSE: CHKR) (the "Trust") on March 22, 2019 filed its Annual Report on Form
10-K for the year ended December 31,
2018 with the U.S. Securities and Exchange Commission (the
"SEC"). The Annual Report on Form 10-K is available in the "SEC
Filings" section of the Trust's website at
www.chkgranitewashtrust.com as well as on the SEC's website at
www.sec.gov.
Trust unitholders have the ability to request a printed copy of
the Annual Report on Form 10-K, which contains the Trust's audited
financial statements, free of charge (via first class mail) by
sending a written request to Chesapeake Granite Wash Trust, The
Bank of New York Mellon Trust Company, N.A., Corporate Trust, 601
Travis Street, 16th Floor, Houston,
TX 77002.
The Trust was formed by Chesapeake Energy Corporation
("Chesapeake") in June 2011 and owns
royalty interests in certain oil and natural gas properties in the
Colony Granite Wash play in Washita
County, Oklahoma. The Trust is entitled to receive proceeds
from the sale of production attributable to the royalty interests.
As described in the Trust's filings with the Securities and
Exchange Commission (the "SEC"), the amount of Trust revenues and
the quarterly distributions to Trust unitholders will fluctuate
from quarter to quarter, depending on the sales volume of oil,
natural gas liquids and natural gas attributable to the Trust's
royalty interests and the prices received for such sales and the
amount of the Trust's administrative expenses, among other
factors.
ABOUT CHESAPEAKE GRANITE WASH TRUST:
Chesapeake Granite Wash Trust (NYSE: CHKR) is a
Delaware statutory trust formed by
Chesapeake Energy Corporation to own certain royalty interests in
oil, natural gas liquids and natural gas wells in Washita County, Oklahoma producing from the
Colony Granite Wash play within the broader Granite Wash formation
of the Anadarko Basin. The common
units do not represent interests in and are not obligations of
Chesapeake Energy Corporation. The common units are listed on the
New York Stock Exchange under the symbol CHKR. Further information
is available at www.chkgranitewashtrust.com, where Chesapeake
Granite Wash Trust routinely posts announcements, updates, investor
information and news releases.
Pursuant to IRC Section 1446, withholding tax on income
effectively connected to a U.S. trade or business allocated to
foreign partners should be made at the highest marginal rate. Under
Section 1441, withholding tax on fixed, determinable, annual,
periodic income from U.S. sources allocated to foreign partners
should be made at 30% of gross income unless the rate is reduced by
treaty. This release is intended to be a qualified notice to
nominees and brokers as provided for under Treasury Regulation
Section 1.1446-4(b) by Chesapeake Granite Wash Trust, and while
specific relief is not specified for Section 1441 income, this
disclosure is intended to suffice. For distributions made to
foreign partners, nominees and brokers should withhold at the
highest effective tax rate.
This news release contains statements that are
"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. All statements
contained in this news release, other than statements of historical
facts, are "forward-looking statements" for purposes of these
provisions. Neither Chesapeake nor the Trustee intends, and neither
assumes any obligation, to update any of the statements included in
this news release. An investment in common units issued by
Chesapeake Granite Wash Trust is subject to the risks described in
the Trust's Annual Report on Form 10-K for the year ended
December 31, 2018, as well as other
risks identified in the Trust's Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K filed with the SEC. The Trust's annual,
quarterly and other filed reports are or will be available at the
SEC's website at www.sec.gov.
TRUSTEE CONTACT INFORMATION:
The Bank of New York Mellon Trust Company, N.A.
Sarah Newell
512-236-6555
sarah.newell@bnymellon.com
View original
content:http://www.prnewswire.com/news-releases/chesapeake-granite-wash-trust-files-its-2018-annual-report-on-form-10-k-300816775.html
SOURCE Chesapeake Granite Wash Trust