Dorchester Minerals, L.P. Announces Its First Quarter Distribution

DALLAS, April 22, 2021 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership’s first quarter 2021 cash distribution. The distribution of $0.303441 per common unit represents activity for the three-month period ended March 31, 2021 and is payable on May 13, 2021 to common unitholders of record as of May 3, 2021.

Cash receipts attributable to the Partnership’s Royalty Properties during the first quarter totaled approximately $10.8 million. Approximately 81% of these receipts reflect oil sales during December 2020 through February 2021 and gas sales during November 2020 through January 2021, and approximately 19% from prior sales periods. Cash Receipts attributable to the Partnership’s Net Profits Interests during the first quarter totaled approximately $1.8 million. Approximately 72% of these receipts reflect oil sales and gas sales during November 2020 through January 2021, and approximately 28% from prior sales periods.

Cash receipts attributable to lease bonus and other income during the first quarter totaled approximately $0.7 million.

The Annual Meeting of Limited Partners of Dorchester Minerals, L.P. will be held virtually at 2 p.m. Central time on Wednesday, May 19, 2021. Unitholders of record at the close of business on March 25, 2021 will be able to access the 2021 Annual Meeting webcast at www.virtualshareholdermeeting.com/DMLP2021. Unitholders who attend the virtual meeting with their 16-digit control number as identified on their proxy card or their voting instruction form, will have the same rights and opportunities to participate as they would at an in-person meeting. Unitholders issued a voting instruction form that does not contain a 16-digit control number will still be able to attend the 2021 Annual Meeting as a “guest” and listen to the proceedings but must contact their brokerage firm, bank, or other financial institution for instructions on how to vote at the 2021 Annual Meeting. All Unitholders may continue to cast their votes for the 2021 Annual Meeting at www.proxyvote.com until 11:59 p.m. Eastern Time the day before the meeting date and in accordance with the instructions in the Partnership’s proxy materials. Registered Unitholders may also submit questions for the 2021 Annual Meeting at [e-mail] until 11:59 p.m. Eastern Time five days prior to the date of the 2021 Annual Meeting.