Cross Timbers Royalty Trust Declares September Cash Distribution
18 9월 2009 - 11:30PM
PR Newswire (US)
DALLAS, Sept. 18 /PRNewswire-FirstCall/ -- U.S. Trust, Bank of
America Private Wealth Management, as Trustee of the Cross Timbers
Royalty Trust (NYSE:CRT), today declared a cash distribution to the
holders of its units of beneficial interest of $0.193724 per unit,
payable on October 15, 2009, to unitholders of record on September
30, 2009. The following table shows underlying oil and gas sales
and average prices attributable to the current month and prior
month distributions. Underlying Sales Volumes Average Price -------
------------- Oil Gas Oil Gas (Bbls) (Mcf) (per Bbl) (per Mcf)
------ ----- --------- --------- Current Month 19,000 179,000
$57.92 $5.97 Prior Month 19,000 169,000 $61.90 $5.05 Other XTO
Energy Inc. (XTO Energy) has advised the trustee that increased oil
prices for July production led to the full recovery of excess costs
and accrued interest on properties underlying the Oklahoma Working
Interests which is again contributing to the current month
distribution. Effective October 5, 2009, American Stock Transfer
& Trust Company (AST) will serve as the new transfer agent and
registrar for Cross Timbers Royalty Trust. Beginning October 5th,
unitholders with registered ownership accounts can contact AST with
questions relating to transfers of ownership and instruction, a
change of address, direct deposit of distribution checks, and any
other account related questions. A dedicated toll free number to
call AST will be provided to registered unitholders as soon as it
becomes available. For more information on the Trust, please visit
our web site at http://www.crosstimberstrust.com/. Statements made
in this press release, including those related to future realized
oil prices and monthly distributions, 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, that are subject to risks and uncertainties
which are detailed in Part I, Item 1A of the trust's Annual Report
on Form 10-K for the year ended December 31, 2008, which is
incorporated by this reference as though fully set forth herein.
Although XTO Energy and the trustee believe that the expectations
reflected in such forward-looking statements are reasonable,
neither XTO Energy nor the trustee can give any assurance that such
expectations will prove to be correct. DATASOURCE: U.S. Trust
CONTACT: Nancy G. Willis, Vice President of U.S. Trust, Bank of
America Private Wealth Management, Trustee, 1-877-228-5084 Web
Site: http://www.crosstimberstrust.com/
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