Dorchester Minerals, L.P. Announces Its Third Quarter Distribution
18 October 2019 - 5:56AM
Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the
Partnership’s third quarter 2019 cash distribution. The
distribution of $0.499055 per common unit represents activity for
the three-month period ended September 30, 2019 and is payable on
November 7, 2019 to common unitholders of record as of October 28,
2019.
Cash receipts attributable to the Partnership’s
Royalty Properties during the third quarter totaled approximately
$13.4 million. These receipts generally reflect oil sales during
June 2019 through August 2019 and gas sales during May 2019 through
July 2019. Cash receipts attributable to the Partnership’s Net
Profits Interests during the third quarter totaled approximately
$2.9 million. These receipts reflect oil and gas sales from the
properties underlying the Net Profits Interests generally during
May 2019 through July 2019.
Cash receipts attributable to lease bonus and
other income during the third quarter totaled approximately $3.2
million.
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 27 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
3838 Oak Lawn Ave., Suite 300
Dallas, Texas 75219-4541
(214) 559-0300
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