Dorchester Minerals, L.P. Announces Its First Quarter Distribution
April 18 2019 - 11:15AM
Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the
Partnership’s first quarter 2019 cash distribution. The
distribution of $0.482315 per common unit represents activity for
the three-month period ended March 31, 2019 and is payable on May
9, 2019 to common unitholders of record as of April 29, 2019.
Cash receipts
attributable to the Partnership’s Royalty Properties during the
first quarter totaled approximately $15 million. These receipts
generally reflect oil sales during December 2018 through February
2019 and gas sales during November 2018 through January 2019. Cash
receipts attributable to the Partnership’s Net Profits Interests
during the first quarter totaled approximately $4.6 million. These
receipts reflect oil and gas sales from the properties underlying
the Net Profits Interests generally during November 2018 through
January 2019.
The Annual Meeting of
Limited Partners of Dorchester Minerals, L.P. will be held at 2:00
p.m. Central time on Wednesday, May 15, 2019, at the offices of
Thompson & Knight, LLP, 1722 Routh Street, Suite 1500, Dallas,
Texas 75201.
Dorchester Minerals,
L.P. is a Dallas-based owner of producing and non-producing oil and
natural gas mineral, royalty, overriding royalty, net profits, and
leasehold interests located in 26 states. Its common units trade on
the Nasdaq Global Select Market under the symbol DMLP.
This release serves
as qualified notice to nominees as provided for under Treasury
Regulation Section 1.1446-4(b)(4) and (d). Please note that
100 percent of the Partnership’s distributions to foreign investors
are attributable to income that is effectively connected with a
United States trade or business. Accordingly, all of the
Partnership’s distributions to foreign investors are subject to
federal income tax withholding at the highest effective tax rate
for individuals or corporations, as applicable. Nominees, and
not the Partnership, are treated as withholding agents responsible
for withholding distributions received by them on behalf of foreign
investors.
FORWARD-LOOKING STATEMENTS
Portions of this
document may constitute "forward-looking statements" as defined by
federal law. Such statements are subject to certain risks,
uncertainties and assumptions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those
anticipated, estimated or projected. Examples of such uncertainties
and risk factors include, but are not limited to, changes in the
price or demand for oil and natural gas, changes in the operations
on or development of the Partnership’s properties, changes in
economic and industry conditions and changes in regulatory
requirements (including changes in environmental requirements) and
the Partnership’s financial position, business strategy and other
plans and objectives for future operations. These and other factors
are set forth in the Partnership's filings with the Securities and
Exchange Commission.
Contact: Martye Miller (214) 559-0300
3838 Oak Lawn Ave., Suite 300
Dallas, Texas 75219-4541
Dorchester Minerals (NASDAQ:DMLP)
Historical Stock Chart
From Apr 2024 to May 2024
Dorchester Minerals (NASDAQ:DMLP)
Historical Stock Chart
From May 2023 to May 2024