DelistingJul 2, 2026, 05:27 PM
MV Oil Trust Dissolves, Units to Delist from NYSE, Final Distribution $0.593844
AI Summary
MV Oil Trust announced its dissolution as of June 30, 2026, following the termination of its net profits interest due to reaching the minimum production threshold. Consequently, the Trust has initiated the winding up of its affairs and notified the NYSE of its intention to voluntarily delist its Units of Beneficial Interest. Trading of the Trust Units is expected to cease before market open on July 27, 2026, and the Trust will make a final distribution of $0.593844 per unit on July 24, 2026. The Trust also plans to terminate its SEC registration and reporting obligations, with the market price of its units expected to decline to zero.
Key Highlights
- MV Oil Trust dissolved on June 30, 2026, as its net profits interest terminated after reaching 14.4 MMBoe production.
- The Trustee notified the NYSE of the Trust's intention to voluntarily delist its Units of Beneficial Interest.
- Listing and trading of Trust Units are expected to end prior to market open on July 27, 2026.
- A final distribution of $0.593844 per unit, totaling $6,829,206, will be paid on July 24, 2026.
- The Trust intends to file Form 15 with the SEC to terminate registration and suspend reporting obligations.
- The market price of the Trust Units is expected to decline to zero by the time of the final distribution.
Price Impact
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