Dorchester Minerals, L.P. Announces Its First Quarter Distribution
April 22 2021 - 2:30PM
Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the
Partnership’s first quarter 2021 cash distribution. The
distribution of $0.303441 per common unit represents activity for
the three-month period ended March 31, 2021 and is payable on May
13, 2021 to common unitholders of record as of May 3, 2021.
Cash receipts attributable to the Partnership’s
Royalty Properties during the first quarter totaled approximately
$10.8 million. Approximately 81% of these receipts reflect oil
sales during December 2020 through February 2021 and gas sales
during November 2020 through January 2021, and approximately 19%
from prior sales periods. Cash Receipts attributable to the
Partnership’s Net Profits Interests during the first quarter
totaled approximately $1.8 million. Approximately 72% of these
receipts reflect oil sales and gas sales during November 2020
through January 2021, and approximately 28% from prior sales
periods.
Cash receipts attributable to lease bonus and
other income during the first quarter totaled approximately $0.7
million.
The Annual Meeting of Limited Partners of
Dorchester Minerals, L.P. will be held virtually at 2 p.m. Central
time on Wednesday, May 19, 2021. Unitholders of record at the close
of business on March 25, 2021 will be able to access the 2021
Annual Meeting webcast at
www.virtualshareholdermeeting.com/DMLP2021. Unitholders who attend
the virtual meeting with their 16-digit control number as
identified on their proxy card or their voting instruction form,
will have the same rights and opportunities to participate as they
would at an in-person meeting. Unitholders issued a voting
instruction form that does not contain a 16-digit control number
will still be able to attend the 2021 Annual Meeting as a “guest”
and listen to the proceedings but must contact their brokerage
firm, bank, or other financial institution for instructions on how
to vote at the 2021 Annual Meeting. All Unitholders may continue to
cast their votes for the 2021 Annual Meeting at www.proxyvote.com
until 11:59 p.m. Eastern Time the day before the meeting date
and in accordance with the instructions in the Partnership’s proxy
materials. Registered Unitholders may also submit questions for the
2021 Annual Meeting at annualmeeting@dmlp.net until 11:59
p.m. Eastern Time five days prior to the date of the 2021
Annual Meeting.
To access the Partnership’s Notice of Annual
Meeting of Limited Partners, as filed with the Securities in
Exchange Commission on the date hereof, and Proxy Statement, as
filed with the Securities and Exchange Commission on February 25,
2021, please visit the Partnership’s website at www.dmlp.net under
the Annual Meeting Presentations and Proxy Material heading.
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). 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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