MV Oil Trust Announces Trust First Quarter Distribution

MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits for the first quarterly payment period ended March 31, 2020.

Unitholders of record on April 15, 2020 will receive a distribution amounting to $2,357,500 or $0.205 per unit payable April 24, 2020.

Volumes, average price and net profits for the payment period were:

Volume (BOE)		182,282
Average price (per BOE)		$	51.36
Gross proceeds		$	9,362,522
Costs		$	5,335,028
Net profits		$	4,027,494
Percentage applicable to Trust’s 80%
Net profits interest		$	3,221,996
MV Partners reserve for capital expenditures		$	--
Total cash proceeds available for the Trust		$	3,221,996
Provision for estimated Trust expenses		$	(864,496	)
Net cash proceeds available for distribution