0000072633-17-000002.txt : 20170201
0000072633-17-000002.hdr.sgml : 20170201
20170201100744
ACCESSION NUMBER: 0000072633-17-000002
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20170131
ITEM INFORMATION: Results of Operations and Financial Condition
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20170201
DATE AS OF CHANGE: 20170201
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: NORTH EUROPEAN OIL ROYALTY TRUST
CENTRAL INDEX KEY: 0000072633
STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792]
IRS NUMBER: 222084119
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08245
FILM NUMBER: 17563424
BUSINESS ADDRESS:
STREET 1: P O BOX 456
STREET 2: 43 WEST FRONT STREET SUITE 19-A
CITY: RED BANK
STATE: NJ
ZIP: 07701
BUSINESS PHONE: 7327414008
MAIL ADDRESS:
STREET 1: P O BOX 456
STREET 2: 43 WEST FRONT STREET SUITE 19-A
CITY: RED BANK
STATE: NJ
ZIP: 07701
8-K
1
ek020117.txt
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
January 30, 2017
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NORTH EUROPEAN OIL ROYALTY TRUST
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(Exact name of Registrant as specified in its charter)
Commission File No. 1-8245
Delaware 22-2084119
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(State of organization) (IRS Employer I.D. No.)
Suite 19A, 43 West Front Street, Red Bank, N.J. 07701
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(Address of principal executive offices)
732-741-4008
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(Registrant's telephone number including area code)
Not Applicable
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Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
-2-
Item 2.02. Results of Operations and Financial Condition.
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On January 30, 2017 North European Oil Royalty Trust issued
a press release via PR Newswire announcing the Trust's
distribution for the first quarter of fiscal 2017.
Furnished herewith is a copy of the press release, which is
incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
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(c) Exhibits
The following exhibit is furnished herewith:
Exhibit 99. A press release dated January 30, 2017 and
disseminated through PR Newswire announcing the
distribution for North European Oil Royalty Trust
for the first quarter of fiscal 2017.
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
NORTH EUROPEAN OIL ROYALTY TRUST
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(Registrant)
By: /s/ John R. Van Kirk
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John R. Van Kirk
Managing Director
Dated: February 1, 2017
EX-99
2
x99-0201.txt
-3-
Exhibit 99
PR NEWSWIRE
NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES
THE DISTRIBUTION FOR THE FIRST QUARTER OF FISCAL 2017
Red Bank, N.J. January 30, 2017 The Trustees of North European Oil Royalty
Trust (NYSE-NRT) today announced a quarterly distribution of $0.15 per unit
for the first quarter of fiscal 2017, payable on February 22, 2017 to holders
of record on February 17, 2017. Natural gas sold during the fourth calendar
quarter of 2016 is the primary source of royalty income on which the February
distribution is based.
John R. Van Kirk, Managing Director, reported that this year's quarterly
distribution of $0.15 per unit is 6.25%, or $0.01 per unit, lower than the
distribution of $0.16 per unit for the first quarter of fiscal 2016.
Specific details will be available in the earnings press release scheduled
for publication on or about February 10, 2017.
The table below shows an estimate of the amount of royalties anticipated to
be received in the second quarter of fiscal 2017 based on the actual amount
of royalties that were payable to the Trust for the fourth calendar quarter
of 2016. Amounts in dollars are based on the current exchange rate of
1.069547. Actual royalty income in dollars is valued based on exchange
rates on the days funds are transferred.
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Estimated Combined Combined Combined Dollar
Royalties Royalties Royalties Royalties in
Anticipated in In Euros In Dollars Cents per Unit
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February Euros 535,763 $ 573,024 $0.0623
March Euros 535,763 $ 573,024 $0.0623
April Euros 535,763 $ 573,024 $0.0623
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The cumulative 12-month distribution, which includes this February
distribution and the three prior quarterly distributions, is $0.66 per unit.
This 12-month cumulative distribution is 38.89% or $0.42 per unit lower than
the prior 12-month distribution of $1.08 per unit. The Trust makes quarterly
distributions to unit owners during the months of February, May, August and
November.
Contact - John R. Van Kirk, Managing Director, telephone: (732) 741-4008,
e-mail: jvankirk@neort.com. The text of the Trust's press releases along
with other pertinent information is available at the Trust's website:
www.neort.com.