FORT WORTH, Texas, March 1, 2018 /PRNewswire/ -- Simmons Bank, as Trustee of the Hugoton Royalty
Trust (NYSE: HGT) (the "Trust"), announced today that it has
received a notice from the New York Stock Exchange ("NYSE") that
the Trust has fallen below the NYSE continued listing requirement
that the average closing price of the Trust's units be at least
$1.00 per share, calculated over a
period of 30 consecutive trading days. The Trust received the
notice from the NYSE on February 26,
2018, and on February 28,
2018, the Trustee acknowledged receipt of the notice.
Under the NYSE standards, the Trust can avoid delisting if,
during the six-month period following receipt of the NYSE notice,
on the last trading-day of any calendar month, the Trust's common
stock has a closing price per share and a 30 trading-day average
closing share price of at least $1.00. Neither the Trust nor the Trustee has any
control over the trading price of the units.
For more information on the Trust, please visit our web site at
www.hgt-hugoton.com.
Statements made in this press release regarding future events
or conditions are forward looking statements. Actual future
results, including whether the Trust can regain compliance with
NYSE listing standards, could differ materially due to changes in
natural gas prices and other economic conditions affecting the gas
industry, the actions of the operator of the properties underlying
the Trust's net profits interests, the actions of other market
participants and other factors described in Part I, Item 1A of the
Trust's Annual Report on Form 10-K for the year ended December 31, 2016.
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SOURCE Hugoton Royalty Trust