MV Oil Trust (MVO) filed a Form 8K - Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing - with the U.S Securities and Exchange Commission on July 02, 2026.
As disclosed in the July Press Release, the Trust's net profits interest terminated on June 30, 2026 (the "Termination Date") in accordance with the terms of the Conveyance of Net Profits Interest pursuant to which the net profits interest was originally conveyed to the Trust, because the minimum amount of production (14.4 million barrels of oil equivalent ("MMBoe")) applicable to the net profits interest has been produced and sold (which amount is the equivalent of 11.5 MMBoe with respect to the Trust's net profits interest). In accordance with the Amended and Restated Trust Agreement governing the Trust, the Trust dissolved as of the Termination Date and the Trustee has commenced the winding up of the business and affairs of the Trust.
Accordingly, on July 2, 2026, The Bank of New York Mellon Trust Company, N.A., as trustee of the Trust, notified the New York Stock Exchange ("NYSE") of the Trust's intention to voluntarily withdraw the listing of the Trust's Units of Beneficial Interest (the "Trust Units") from the NYSE following the final quarterly cash distribution on July 24, 2026 to the Trust unitholders of record on July 15, 2026, as announced in the July Press Release.
The Trust expects that listing and trading of the Trust Units will end prior to market open on July 27, 2026. In addition, promptly following the effectiveness of the delisting, the Trust intends to file with the with the Securities and Exchange Commission ("SEC") a certification on Form 15 requesting the termination of registration of the Trust Units under Section 12(g) of the Exchange Act and the suspension of the Trust's reporting obligations under Sections 13 and 15(d) of the Exchange Act. The Trust plans to effect the cancellation of the Trust Units shortly thereafter.
Forward-Looking Statements
This Current Report on Form 8-K contains statements that are "forward-looking statements" within the meaning of Section 21E of the Exchange Act. All statements contained in this Form 8-K, other than statements of historical facts, are "forward-looking statements" for purposes of these provisions. These forward-looking statements include statements regarding the timing of the delisting, deregistration and cancellation of the Trust Units and are based upon the Trustee's expectations concerning future events affecting the Trust. These expectations may not prove to be correct. Important factors that could cause these statements to differ materially include the risk factors described in the Trust's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC. Statements made in this Form 8-K are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this Form 8-K.
The full text of this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/1371782/000110465926080431/tm2618490d1_8k.htm
Any exhibits and associated documents for this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/1371782/000110465926080431/0001104659-26-080431-index.htm
Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.