Dorchester Minerals, L.P. Announces Its Second Quarter Distribution
July 23 2020 - 12:40PM
Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the
Partnership’s second quarter 2020 cash distribution. The
distribution of $0.226318 per common unit represents activity for
the three-month period ended June 30, 2020 and is payable on August
13, 2020 to common unitholders of record as of August 3, 2020.
Cash receipts attributable to the Partnership’s
Royalty Properties during the second quarter totaled approximately
$6.3 million. Approximately 62% of these receipts reflect oil sales
during March 2020 through May 2020 and gas sales during February
2020 through April 2020, and approximately 38% from prior sales
periods. Cash receipts attributable to the Partnership’s Net
Profits Interests during the second quarter totaled approximately
$4.0 million. Approximately 59% of these receipts reflect oil sales
and gas sales during February 2020 through April 2020, and
approximately 41% from prior sales periods.
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 27 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). Although a portion of Dorchester
Minerals, L.P.’s income may not be effectively connected income and
may be subject to alternative withholding procedures, brokers and
nominees should treat 100% of Dorchester Minerals, L.P.’s
distributions to non-U.S. investors as being attributable to income
that is effectively connected with a United States trade or
business. Accordingly, Dorchester Minerals, L.P.’s
distributions to non-U.S. investors are subject to federal income
tax withholding at the highest marginal rate for individuals or
corporations, as applicable. Nominees, and not Dorchester
Minerals, L.P., are treated as withholding agents responsible for
withholding on distributions received by them on behalf of non-U.S.
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.
Martye Miller (214) 559-0300
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