Enduro Royalty Trust (NYSE:NDRO) Files An 8-K Other Events
Item 8.01 Other Events.
On June7, 2017, Enduro Royalty Trust (the Trust) issued a press
release announcing the entry by Enduro Resource Partners LLC
(Enduro), the sponsor of the Trust, into eight separate purchase
and sale agreements to divest certain acreage and associated
production in the Permian Basin that constitutes part of the
properties underlying the net profits interest held by the Trust
(the Divestiture Properties). In connection with the proposed
transactions, Enduro will seek, through a vote of the
unitholders, a release of the Trusts net profits interest in the
Divestiture Properties in exchange for the Trust unitholders
receiving 80% of the net proceeds from the sale of such
Divestiture Properties. A copy of the press release is furnished
as Exhibit99.1 hereto and is incorporated herein by reference.
Additional Information and Where to Find
It
This communication does not constitute a solicitation of any vote
or approval in respect of the proposed transactions as they
affect the Trust and the release of its net profits interest. In
connection with the proposed transactions, a meeting of the
Trusts unitholders will be announced to seek unitholder approval.
The Trust intends to file with the SEC a proxy statement in
connection with the proposed meeting of unitholders. UNITHOLDERS
ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT WHEN IT
BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE RELEASE OF THE TRUSTS NET PROFIT INTEREST WITH RESPECT
TO THE UNDERLYING PROPERTIES SUBJECT TO THE PROPOSED
TRANSACTIONS. The proxy statement and other relevant materials
(when they become available), and any other documents filed by
the Trust with the SEC, may be obtained at no cost at the SECs
website at http://www.sec.gov, at the Trusts website at
http://www.enduroroyaltytrust.com, or by sending written request
to the Trust at The Bank of New York Mellon Trust Company, N.A.,
Trustee, 919 Congress Avenue, Suite500, Austin, Texas 78701.
Participants in the Solicitation
The Trust may be deemed to be a participant in soliciting proxies
from the Trusts unitholders in connection with the proposed
transactions and the release of the Trusts net profits interest
with respect to the Divestiture Properties. Information regarding
the Trust that may, under the rulesof the SEC, be considered to
be a participant in any solicitation in connection with the
proposed transactions will be contained in the proxy statement.
Additional information can be obtained in the Trusts Annual
Report on Form10-K for the fiscal year ended December31, 2016.
Item 9.01 Financial Statements and Exhibits.
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(d) |
Exhibits. |
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Exhibit 99.1 |
Enduro Royalty Trust Press Release dated June7, 2017. |
About Enduro Royalty Trust (NYSE:NDRO)
Enduro Royalty Trust (the Trust) is a statutory trust formed by Enduro Resource Partners LLC (Enduro), as trustor, The Bank of New York Mellon Trust Company, N.A. (the Trustee), as trustee, and Wilmington Trust Company (the Delaware Trustee), as Delaware Trustee. The Trust was created to acquire and hold for the benefit of the Trust unitholders a net profits interest representing the right to receive approximately 80% of the net profits from the sale of oil and natural gas production from certain properties in the states of Texas, Louisiana and New Mexico held by Enduro as of the date of the conveyance of the net profits interest to the Trust (the Net Profits Interest). The properties in which the Trust holds the Net Profits Interest are referred to as the Underlying Properties. Enduro is engaged in the production and development of oil and natural gas. The Underlying Properties comprises producing and non-producing interests in oil and natural gas units, wells and lands.