Gulf Coast Ultra Deep Royalty Trust
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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FY2023 · Filed Mar 28, 2024
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Part II
The Royalty Trust units are quoted on the OTC Pink tier of the over-the-counter, or OTC, markets under the symbol “GULTU.” For information regarding the OTC Pink and fluctuations in the market price and trading volume of the Royalty Trust units, see Part I, Item 1A. “Risk Factors – There is a limited public market for the Royalty Trust units, which could affect the market price, trading volume, liquidity and resale price of the Royalty Trust units” of this Form 10-K.
The following table shows the high and low sales/bid prices, as applicable, per Royalty Trust unit as reported on the OTC Pink for the periods indicated. Quotations on the OTC Pink reflect bid and ask quotations, may reflect inter-dealer prices, without retail markup, markdown or commission, and may not represent actual transactions.
| 2023 | 2022 | |||
|---|---|---|---|---|
| High | Low | High | Low | |
| First Quarter | $0.05 | $0.01 | $0.05 | $0.01 |
| Second Quarter | 0.02 | 0.01 | 0.09 | 0.03 |
| Third Quarter | 0.02 | 0.01 | 0.06 | 0.04 |
| Fourth Quarter | $0.02 | $0.01 | $0.05 | $0.02 |
As of March 20, 2024, there were 230,172,696 Royalty Trust units outstanding and 4,387 Royalty Trust unitholders of record.
Recent Sales of Unregistered Securities and Royalty Trust Unitholder Matters
There were no equity securities sold by the Royalty Trust during the year ended December 31, 2023. At December 31, 2023, the Royalty Trust had 230,172,696 Royalty Trust units outstanding.
Securities Authorized for Issuance Under Equity Compensation Plans
None.
Purchases of Royalty Trust Units by the Issuer and Affiliated Purchasers
None.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.