Dorchester Minerals, L.P. Announces Its Fourth Quarter Distribution
January 21 2021 - 1:15PM
Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the
Partnership’s fourth quarter 2020 cash distribution. The
distribution of $0.242260 per common unit represents activity for
the three-month period ended December 31, 2020 and is payable on
February 11, 2021 to common unitholders of record as of February 1,
2021.
Cash receipts attributable to the Partnership’s
Royalty Properties during the fourth quarter totaled approximately
$8.2 million. Approximately 79% of these receipts reflect oil sales
during September 2020 through November 2020 and gas sales during
August 2020 through October 2020, and approximately 21% from prior
sales periods. Cash Receipts attributable to the
Partnership’s Net Profits Interests during the fourth quarter
totaled approximately $1.7 million. Approximately 71% of
these receipts reflect oil sales and gas sales during August 2020
through October 2020, and approximately 29% from prior sales
periods.
Cash receipts attributable to lease bonus and
other income during the fourth quarter totaled approximately $1.3
million.
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.
Contact:
Martye Miller
(214) 559-0300
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