|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||0.3950 - 0.4400|
|52 Week Range||0.3000 - 0.8500|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 05, 2021 - Aug 09, 2021|
|Forward Dividend & Yield||0.15 (34.42%)|
|Ex-Dividend Date||May 13, 2021|
|1y Target Est||N/A|
SANDRIDGE PERMIAN TRUST (OTC Pink: PERS) today announced a quarterly distribution for the three-month period ended March 31, 2021 of approximately $1.5 million, or $0.028 per unit. This distribution relates in part to oil and gas production attributable to the Trust’s royalty interests from December 1, 2020 to February 28, 2021, as well as to (1) a reimbursement by Montare Resources I, LLC ("Montare") of a portion of property taxes attributable to assets sold by Avalon Energy, LLC ("Avalon") to Montare in October 2020 and (2) the distribution Avalon received in March 2021 and returned to the Trust pursuant to the terms of the Repayment Agreement described below. The Trust makes distributions on a quarterly basis on or about the 60th day following the completion of each quarter. The distribution is expected to occur on or before May 28, 2021 to holders of record as of the close of business on May 14, 2021.
SANDRIDGE PERMIAN TRUST (OTC Pink: PERS) today announced a distribution of approximately $3.9 million, or $0.075 per unit, reflecting the fair value to the Trust, less cash reserves withheld by the Trust as described below, received by the Trust for the portion of the Trust’s Overriding Royalty Interests ("Royalty Interests") required to be released upon the sale by Avalon Energy, LLC ("Avalon") of wells and related assets associated with specified oil and natural gas, properties situated in the Central Basin Platform of the Permian Basin in Andrews County, Texas (the "Underlying Properties") to Montare Resources I, LLC ("Montare") on October 13, 2020 (the "Montare sale"), as previously disclosed in the Trust’s Form 10-Q for the quarterly period ended September 30, 2020. The distribution is expected to occur on or before February 26, 2021 to holders of record as of the close of business on February 12, 2021.
SANDRIDGE PERMIAN TRUST (OTC Pink: PERS) (the "Trust") announced today that has filed its Solicitation/Recommendation Statement on Schedule 14D-9 with the Securities and Exchange Commission ("SEC") in connection with the unsolicited offer commenced on October 13, 2020 by SRPT Acquisition, LLC, a wholly owned subsidiary of PEDEVCO Corp. ("PEDEVCO"), to exchange each outstanding common unit of beneficial interest of the Trust for 4/10ths of one share of PEDEVCO common stock (the "Offer").