MARINE PETROLEUM TRUST (NASDAQ:MARPS) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On February 16, 2021, Marine Petroleum Trust issued a press release announcing its quarterly cash distribution to unitholders and also announcing the extension of the Marine Petroleum Trust to June 1, 2041. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
In accordance with General Instruction B.2. of Form 8-K, the information contained herein shall not be incorporated by reference into any of our filings, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing. The information in this report shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
|99.1 || ||Press Release dated February 16, 2021, issued by Marine Petroleum Trust. |
MARINE PETROLEUM TRUST Exhibit
EX-99.1 2 d921015dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Marine Petroleum Trust MARINE PETROLEUM TRUST ANNOUNCES FIRST QUARTER CASH DISTRIBUTION AND EXTENSION OF TRUST TO JUNE 1,…
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About MARINE PETROLEUM TRUST (NASDAQ:MARPS)
Marine Petroleum Trust (the Trust) is a royalty trust. The Trust is engaged in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico, under license agreements and amendments between the Trust’s predecessors and Chevron Corporation (Chevron) and its assignees. The Trust distributes all income, after paying its liabilities and obligations, to the unit holders during the months of March, June, September and December each year. The Trust’s subsidiary, Marine Petroleum Corporation (MPC), holds title to interests in properties subject to the Trust’s interests that are situated offshore of Louisiana. MPC is engaged in the administration and collection of royalties. As of June 30, 2016, MPC held an overriding royalty interest equal to 0.75% of the value at the well of any oil, natural gas, or other minerals produced and sold from the leases. All aspects of MPC’s operations are conducted by third parties.
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