Cross Timbers Royalty Trust Declares April Cash Distribution

News provided by

U.S. Trust

Apr 17, 2014, 10:00 ET

DALLAS, April 17, 2014 /PRNewswire/ -- 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 $0.209127 per unit, payable on May 14, 2014, to unitholders of record on April 30, 2014.  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

(Bbls)

Gas

(Mcf)

Oil

(per Bbl)

Gas

(per Mcf)









Current Month

16,000

119,000

$  93.75

$  8.46









Prior Month

21,000

169,000

$  89.53

$  6.91

Trustee Resignation

As previously disclosed, U.S. Trust, Bank of America Private Wealth Management has announced its intention to resign as trustee of the Trust, subject to certain conditions set forth in the Trustee's notice dated January 9, 2014, including unitholder approval of a successor trustee.

For more information on the Trust, please visit our web site at www.crosstimberstrust.com.

SOURCE U.S. Trust

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