SandRidge Mississippian Announces That There Will Be No Further Distribution

Source: www.gulfoilandgas.com 11/18/2021, Location: North America

SANDRIDGE MISSISSIPPIAN TRUST II announced that there will be no further distribution to unitholders, as the Trust’s final expenses, including the expenses relating to the winding up and termination of the Trust, have exhausted the cash reserves of $1,230,013 previously withheld by the Trustee for the payment of future known, anticipated or contingent expenses or liabilities of the Trust following the distribution to unitholders in November 2020.

The Trust units will be removed from trading and cancelled following this press release. The Trust will remain in existence until the filing of a certificate of cancellation with the Secretary of State of the State of Delaware following the completion of the winding up process, which will occur on or before December 31, 2021.

The Trust owned royalty interests in oil and natural gas properties in the Mississippian formation in Alfalfa, Grant, Kay, Noble and Woods counties in northern Oklahoma and Barber, Comanche, Harper and Sumner counties in southern Kansas and was entitled to receive proceeds from the sale of production attributable to the royalty interests.


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