Item 5. Other Information
Item
5. Other Information .
On
October 16, 2023, the Royalty Trust issued a press release that was furnished as an exhibit to the Current Report on Form 8-K filed with
the SEC on the same date, announcing that the Royalty Trust would not be making a distribution for the quarter ended September 30, 2023,
as post-production costs exceeded royalty income. Presented below is a corrected version of the table that was included in the press
release, showing the corrected natural gas (Mcf) sales volumes, average sales price and net cash proceeds available for distribution,
reflecting the absence of any royalty income to the Royalty Trust for the quarter ended September 30, 2023:
Natural gas (Mcf) sales volumes (a)
-
Natural gas (per Mcf) average sales price
$ -
Gross proceeds
$ -
Post-production costs and specified taxes
-
Royalty income
-
Interest and dividend income
1,696
Administrative expenses
(108,432 )
Administrative expenses in excess of income (b)
(106,736 )
Increase in minimum cash reserve (c)
-
Cash proceeds available for distribution
$ -
Item
6. Exhibits .
The
following exhibits are filed or furnished as part of this quarterly report on Form 10-Q:
Exhibit
Filed
or Furnished with this
Incorporated by Reference
Number
Exhibit
Title
Form
10-Q
Form
File
No.
Date
Filed
3.1
Composite Certificate of Trust of Gulf Coast Ultra Deep Royalty Trust
10-Q
333-185742
August
14, 2013
31
Certification pursuant to Rule 13a-14(a)/15d-14(a)
X
32
Certification pursuant to 18 U.S.C. Section 1350
X
15
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Gulf Coast Ultra Deep Royalty Trust
By:
The
Bank of New York Mellon
Trust
Company, N.A., as Trustee
By:
/s/
Sarah C. Newell
Sarah
C. Newell
Vice
President
Date:
November 15, 2023
The
Registrant, Gulf Coast Ultra Deep Royalty Trust, has no principal executive officer, principal financial officer, controller or chief
accounting officer, board of directors or persons performing similar functions. Accordingly, no additional signatures are available and
none have been provided. In signing the report above, the Trustee does not imply that it has performed any such function or that any
such function exists pursuant to the terms of the amended and restated royalty trust agreement, dated June 3, 2013, under which it serves.
16
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.