|Bid||1.3800 x 1000|
|Ask||1.4000 x 1300|
|Day's Range||1.3900 - 1.4334|
|52 Week Range||1.3900 - 2.1500|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||4.76|
|Forward Dividend & Yield||0.29 (20.43%)|
|1y Target Est||N/A|
ECA MARCELLUS TRUST I (ECT) announced today that the Trust’s distribution for the quarter ended June 30, 2019 will be $0.037 per unit, which is expected to be distributed on or before August 30, 2019 to holders of record as of the close of business on August 20, 2019. The Trust was formed to own royalty interests in natural gas properties now held by Greylock Energy LLC, and certain of its wholly owned subsidiaries (“Greylock”) in the Marcellus Shale formation in Greene County, Pennsylvania. The Trust is entitled to receive certain amounts of the proceeds attributable to Greylock’s interest in the sale of production from the properties.
ECA MARCELLUS TRUST I today announced that its Annual Report on Form 10-K for the year ended December 31, 2018 has been filed with the SEC. The Annual Report on Form 10-K is available in the “SEC Filings” section of the Trust’s website at http://ect.investorhq.businesswire.com/, as well as on the SEC’s website at www.sec.gov.
ECA MARCELLUS TRUST I (ECT) (the “Trust”), today announced that its trustee, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), has determined to gradually build a cash reserve for the payment of future expenses and liabilities of the Trust, as permitted by the trust agreement. Commencing with the distribution to unitholders payable in the first quarter of 2019, the Trustee intends to begin withholding the greater of $90,000 or 10% of the funds otherwise available for distribution each month to gradually build a cash reserve of approximately $1,800,000. The Trustee may increase or decrease the targeted amount at any time, and may increase or decrease the rate at which it is withholding funds to build the cash reserve at any time, without advance notice to the unitholders.