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Note 9 - Subsequent Events
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12 Months Ended | ||
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Dec. 31, 2014
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| Notes to Financial Statements | |||
| Subsequent Events [Text Block] |
We evaluated events that occurred after the balance sheet date through the date these financial statements were issued, and the following events that met recognition or disclosure criteria was identified: The Trust consummated a sale contract, on January 29, 2015, for approximately 19,607 acres in Upton and Crane counties, Texas for $19,840,000. At their February 2015 meeting, the Trustees declared a cash dividend of $.29 per Sub-share, payable March 16, 2015 to Sub-share holders of record at the close of business on March 9, 2015. |
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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