Whiting USA Trust I (WHX) 0.61 $WHX
Whiting USA Trust I Announces Termination Date for Net Profits Interest and Final Distribution Date
BusinessWire - Mon Feb 16, 7:40PM CST
Whiting USA Trust I announced the Trust determined today that the net profits interest terminated effective January 28, 2015. The net profits interest terminated as a result of 9.11 MMBOE (which amount is equivalent to 8.20 MMBOE attributable to the net profits interest) having been produced and sold from the underlying properties. Pursuant to the terms of the net profits interest, a final distribution will be made no later than March 30, 2015, to holders of record on March 19, 2015. Prior to such record date, the Trust will issue a press release announcing the amount of such distribution. Additionally, the stock transfer books for the Trust units will be closed on the close of business on March 19, 2015. As previously disclosed in the press release issued by the Trust on February 6, 2015, in addition to the final distribution to be made by March 30, 2015, unitholders of record on February 19, 2015 will receive a distribution of $0.283085 per unit, which is payable on or before March 2, 2015.
WHX: 0.61 (+0.06)
New York Stock Exchange Suspends Trading of Whiting USA Trust I Units; Trust Expects Trading to Move to OTC
BusinessWire - Fri Feb 13, 3:00PM CST
Whiting USA Trust I (NYSE: WHX) today announced that the Trust units would cease trading on the New York Stock Exchange (the "NYSE"
effective before market open on February 17, 2015. The NYSE informed the Trust today that the Trust was not in compliance with the NYSE's continued listing standards, which requires that the average closing price of the Trust units cannot be less than $1.00 per share over a period of 30 consecutive trading days. Under the NYSE delisting procedures, the Trust has the right to appeal such decision, but the Trust does not intend to do so. The Trust expects the Trust units to transition to OTC Pink, operated by OTC Markets Group, effective with the opening of trading on February 17, 2015. However, there is no assurance that an active market in the Trust units will develop on OTC Pink.
WHX: 0.61 (+0.06)
Whiting USA Trust I Announces Trust Quarterly Distribution
BusinessWire - Fri Feb 06, 3:30PM CST
Whiting USA Trust I (NYSE:WHX) announced the first Trust distribution in 2015, which relates to net profits generated during the fourth quarterly payment period of 2014.
WHX: 0.61 (+0.06)
Whiting USA Trust I Announces Revised Estimated Termination Date for Net Profits Interest
BusinessWire - Tue Jan 20, 4:00PM CST
Whiting USA Trust I (NYSE: WHX) announced that, based on the Trust's reserve report for the underlying properties as of December 31, 2014, the net profits interest termination date is estimated to occur by January 31, 2015. The net profits interest will terminate when 9.11 MMBOE (which amount is equivalent to 8.20 MMBOE attributable to the net profits interest) have been produced and sold from the underlying properties, and the Trust will soon thereafter wind up its affairs and terminate, after which it will pay no further distributions. Consequently the market price of the Trust units should decline to zero around or shortly after the record date for the final expected distribution. To the extent that the Trust units are trading at a price substantially in excess of the aggregate distributions that may reasonably be expected to be made prior to the termination of the Trust, the price decline is likely to include one or more abrupt substantial decreases.
WHX: 0.61 (+0.06)
Don't Buy This Insanely High-Yielding Trust
Reuben Brewer, The Motley Fool - Motley Fool - Sat Oct 18, 4:53PM CDT
With the Federal Reserve keeping interest rates at historically low levels, investors have been looking for investments to provide them the yield they can't get from bonds or banks. That, however, is pushing investors into riskier and riskier assets....
WLL: 8.80 (+0.98), WHX: 0.61 (+0.06)
Whiting USA Trust I Announces Termination Date for Net Profits Interest and Final Distribution Date
BusinessWire - Mon Feb 16, 7:40PM CST
Whiting USA Trust I announced the Trust determined today that the net profits interest terminated effective January 28, 2015. The net profits interest terminated as a result of 9.11 MMBOE (which amount is equivalent to 8.20 MMBOE attributable to the net profits interest) having been produced and sold from the underlying properties. Pursuant to the terms of the net profits interest, a final distribution will be made no later than March 30, 2015, to holders of record on March 19, 2015. Prior to such record date, the Trust will issue a press release announcing the amount of such distribution. Additionally, the stock transfer books for the Trust units will be closed on the close of business on March 19, 2015. As previously disclosed in the press release issued by the Trust on February 6, 2015, in addition to the final distribution to be made by March 30, 2015, unitholders of record on February 19, 2015 will receive a distribution of $0.283085 per unit, which is payable on or before March 2, 2015.
WHX: 0.61 (+0.06)
New York Stock Exchange Suspends Trading of Whiting USA Trust I Units; Trust Expects Trading to Move to OTC
BusinessWire - Fri Feb 13, 3:00PM CST
Whiting USA Trust I (NYSE: WHX) today announced that the Trust units would cease trading on the New York Stock Exchange (the "NYSE"
effective before market open on February 17, 2015. The NYSE informed the Trust today that the Trust was not in compliance with the NYSE's continued listing standards, which requires that the average closing price of the Trust units cannot be less than $1.00 per share over a period of 30 consecutive trading days. Under the NYSE delisting procedures, the Trust has the right to appeal such decision, but the Trust does not intend to do so. The Trust expects the Trust units to transition to OTC Pink, operated by OTC Markets Group, effective with the opening of trading on February 17, 2015. However, there is no assurance that an active market in the Trust units will develop on OTC Pink. WHX: 0.61 (+0.06)
Whiting USA Trust I Announces Trust Quarterly Distribution
BusinessWire - Fri Feb 06, 3:30PM CST
Whiting USA Trust I (NYSE:WHX) announced the first Trust distribution in 2015, which relates to net profits generated during the fourth quarterly payment period of 2014.
WHX: 0.61 (+0.06)
Whiting USA Trust I Announces Revised Estimated Termination Date for Net Profits Interest
BusinessWire - Tue Jan 20, 4:00PM CST
Whiting USA Trust I (NYSE: WHX) announced that, based on the Trust's reserve report for the underlying properties as of December 31, 2014, the net profits interest termination date is estimated to occur by January 31, 2015. The net profits interest will terminate when 9.11 MMBOE (which amount is equivalent to 8.20 MMBOE attributable to the net profits interest) have been produced and sold from the underlying properties, and the Trust will soon thereafter wind up its affairs and terminate, after which it will pay no further distributions. Consequently the market price of the Trust units should decline to zero around or shortly after the record date for the final expected distribution. To the extent that the Trust units are trading at a price substantially in excess of the aggregate distributions that may reasonably be expected to be made prior to the termination of the Trust, the price decline is likely to include one or more abrupt substantial decreases.
WHX: 0.61 (+0.06)
Don't Buy This Insanely High-Yielding Trust
Reuben Brewer, The Motley Fool - Motley Fool - Sat Oct 18, 4:53PM CDT
With the Federal Reserve keeping interest rates at historically low levels, investors have been looking for investments to provide them the yield they can't get from bonds or banks. That, however, is pushing investors into riskier and riskier assets....
WLL: 8.80 (+0.98), WHX: 0.61 (+0.06)
