Quarterly ResultMay 15, 2026, 02:42 PM
Mills Music Trust Q1 Receipts from EMI $424,160; Unit Distribution $1.2434
AI Summary
Mills Music Trust reported significantly increased cash receipts from EMI, totaling $424,160 for the three months ended March 31, 2026, up from $260,759 in the prior year. This resulted in a cash distribution of $1.2434 per Trust Unit to unitholders, compared to no distribution in the same period last year. However, the Trust continues to dispute royalty payment calculations with EMI, claiming $271,140 in underpayments as of March 31, 2026, for periods after a previous settlement, while EMI claims an $89,963 overpayment.
Key Highlights
- Receipts from EMI for Q1 2026 were $424,160, up from $260,759 in Q1 2025.
- Cash distribution per Trust Unit for Q1 2026 was $1.2434, compared to $0.0000 in Q1 2025.
- The Trust claims $271,140 in "Calculation Method Underpayments" from EMI as of March 31, 2026.
- EMI claims an $89,963 "Additional Q4 Amount" is an overpayment, intending future offsets.
- A $500,000 settlement for claims prior to Dec 31, 2024, was reached with EMI on Oct 30, 2025.
- Administrative expenses decreased to $78,865 in Q1 2026 from $196,827 in Q1 2025.
- The Trust distributed all available cash, ending Q1 2026 with $0 undistributed cash.
Price Impact
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