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San Juan Basin Royalty Trust Message Board

  • birdluck1 birdluck1 Feb 6, 2006 11:10 PM Flag

    Oil Sands (OT) 2

    Based on its initial anticipated composition, the Portfolio is expected to generate approximately 3.63% of distribution and dividend income per Unit per annum, which, after deduction of expenses, will be distributed by the Trust to Unitholders. The balance of the quarterly distributions is expected to be funded through sales of securities in the Portfolio or other returns, if any. The Portfolio would be required to appreciate at a rate of approximately 3.63% per annum in order for the Trust to maintain a stable NAV while making quarterly cash distributions. Therefore, it is expected that distributions to Unit holders will be characterized as capital gains, dividends and returns of capital. If the return on the Portfolio is less than the amount necessary to fund the quarterly distributions, the Manager will return a portion of the capital of the Trust to Unitholders to ensure that the distribution is paid and accordingly, NAV per Unit will be reduced. See �Distributions�.

    Prospective purchasers may purchase Units either by
    (i) cash payment, or (ii) an exchange (the �Exchange Option�) of freely tradeable securities of those issuers set forth in this prospectus under the heading �Exchange Option � Exchange Eligible Issuers� (collectively, the �Exchange Eligible Issuers�). The Exchange Option does not constitute, and is not to be construed as, a take-over bid for any Exchange Eligible Issuer. See �Exchange Option�.


    Price: $10.00 per Unit
    Minimum Purchase: 100 Units
    Price to the Public(1)
    Agents� Fee
    Net Proceeds
    to the Trust(2)
    Per Unit .......................................................................... $ 10.00 $ 0.50 $ 9.50
    Total Maximum Offering(3)............................................ $
    Total Minimum Offering(4) ............................................ $

    Notes:
    (1) The offering price was established by negotiation between the Agents (as defined herein) and the Manager. The price per Unit is payable in cash or in securities of Exchange Eligible Issuers deposited pursuant to the Exchange Option.

 
SJT
18.20-0.28(-1.52%)Jul 24 4:02 PMEDT

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