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Security Profile
Security's distribution is suspended.
- Security Type
- U.S. Royalty Trust
- CUSIP
- 886410109
- Market Cap
- Micro Cap · $6 Million
- IPO
- 6/1/1954
Business: Tidelands Royalty Trust "B" is a royalty trust created on June 1, 1954, under the laws of the State of Texas. Tidelands was organized for the sole purpose of providing an efficient, orderly, and practical means for the administration and liquidation of rights to interests in any oil, gas or other mineral leases obtained by Gulf Oil Corporation in a designated area of
the Gulf of Mexico. Tidelands' wholly-owned subsidiary, Tidelands Royalty "B" Corporation, holds title to interests in properties subject to the 1951 Contract that are situated offshore of Louisiana. Ninety-five percent of all oil, gas, and other mineral royalties collected by this subsidiary are paid to Tidelands.
Notes: March 1, 2019 Simmons Bank, as Trustee (“Trustee”) of the Tidelands Royalty Trust “B” (OTC PINK: TIRTZ) (“Tidelands”), today announced that Tidelands intends to voluntarily file a Form 15 with the Securities and Exchange Commission (the “SEC”) on or about March 8, 2019 to terminate the registration of its units under Section 12(g) of Securities Exchange Act of 1934, as amended (the “Exchange Act”), and suspend its reporting obligations under Section 13(a) of the Exchange Act. Upon filing the Form 15, Tidelands’ obligations to file certain reports with the SEC, including annual, quarterly and current reports on Form 10-K, Form 10-Q and Form 8-K, respectively, will be automatically and immediately suspended. Tidelands expects that the Form 15 will become effective 90 days after its filing date.
Company Contact
- CAO
- R. Ray Bell
- Headquarters
- c/o Bank of America N.A., P.O. Box 830241, Dallas, TX 75283
- Phone
- 800-985-0794 · Toll-Free 800-985-0794
- Fax
- 214-508-3969
- Investor Relations
- Cindy Stover Miller · 800-985-0794