TEL Offshore Trust Units Ben Int


By |


Tel Offshore Trust was created under the laws of the State of Texas in 1983 and maintains its offices at the office of The Bank of New York Mellon Trust Company, N.A. The main asset of the Trust consists of a 99.99% interest in the TEL Offshore Trust Partnership and royalty interest in various oil and gas properties located offshore of Louisiana. The Trustees distribute the Trust's income pro rata for each calendar quarter within 10 days after the end of each calendar quarter. Distributions of the Trust's income are made to Unit holders of record on the Quarterly Record Date, which is the last business day of each quarterly period, or such later date as the Trustees determine is required to comply with legal requirements. Each Unit is evidenced by a transferable certificate issued by the Corporate Trustee. Each unit ranks equally as to distributions, has one vote on any matter submitted to Unit holders and represents an undivided interest in the Trust, which in turn owns a 99.99% interest in the Partnership. Within 90 days of the close of each year, the net federal taxable income of the Trust for each quarterly period ending in such year is reported by the Trustees for federal tax purposes to the Unit holder of record to whom the Quarterly Income Amount was distributed.

Contact Information

Main Phone: +1 512 236-6599
Address: 919 Congress Avenue
Address 2: Suite 500
State: TX
City / Town: Austin
Country: USA
Postal Code: 78701

Issuer Information

Exchange: OTO
NAICS: Drilling Oil and Gas Wells(213111)
Company data no longer available
Last Price N/A Change $ N/A Change % N/A Tick N/A
Bid N/A Bid Size N/A Ask N/A Ask Size N/A
Open N/A High N/A Low N/A Prev Close N/A
Last Trade Volume 0 52 Wk Hi 1.65 52 Wk Low 0.10
Market Cap N/A Ex-Div Date N/A Div Rate N/A Yield N/A
Shares 4,751,510.00 EPS (TTM) 0.00 PE Ratio N/A Exchange OTCPK