BP PRUDHOE BAY ROYALTY TRUST

Form Type: 8-K

Filing Date: 2025-01-06

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525002164

Comments: On January 6, 2025, BP Prudhoe Bay Royalty Trust announced that it did not receive a royalty payment for the quarter ended December 31, 2024, and there will be no quarterly cash distribution to unitholders for that period. Additionally, as the Trust has not received any revenue for the four quarters of 2023 or 2024, the Trust terminated effective December 31, 2024, at 11:59 PM, per the Trust Agreement. The Bank of New York Mellon Trust Company, as trustee, has initiated the winding-up process of the Trust. The Trust also received notification from the New York Stock Exchange regarding its failure to meet continuous listing compliance standards due to a unit price averaging below $1.00 over a consecutive 30-day trading period. The Trust is subject to a six-month cure period to regain compliance, but given its termination, this is now moot.

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