MV Oil Trust net profits interest terminated, trust to delist from NYSE
MV Oil Trust announced on July 2, 2026 that its net profits interest terminated on June 30, 2026 after reaching the minimum production threshold of 14.4 million barrels of oil equivalent. The trust dissolved as of that date in accordance with its governing agreement, and the trustee notified the New York Stock Exchange of the trust's intention to voluntarily withdraw its Units of Beneficial Interest from the NYSE following a final distribution on July 24, 2026. Trading is expected to end prior to market open on July 27, 2026, and the trust intends to file a Form 15 to terminate registration and suspend reporting obligations.
Key facts
- Net profits interest terminated June 30, 2026 upon reaching 14.4 MMBoe minimum production (11.5 MMBoe with respect to trust's 80% interest)
- Final distribution of $6,829,206 or $0.593844 per unit payable July 24, 2026 to unitholders of record July 15, 2026
- Trust dissolved June 30, 2026 in accordance with Amended and Restated Trust Agreement
- NYSE listing expected to end prior to market open July 27, 2026
- Trustee notified NYSE of voluntary withdrawal July 2, 2026
- Trust intends to file Form 15 requesting termination of registration under Section 12(g) of Exchange Act
- Trust will receive no net proceeds from MV Partners after June 30, 2026 and will pay no further distributions
- Trust Units market price expected to decline to zero by time of final distribution
Why it matters
MV Oil Trust terminates operations upon contractual exhaustion of its underlying asset base, ending all future distributions to unitholders and causing the trust's securities to cease trading and registration.
Share
Derived from 8-K filed 2026-07-02. Not investment advice. View the source filing on SEC.gov →