Mills Music Trust

09/23/2024 | Press release | Distributed by Public on 09/23/2024 08:10

Quarterly Distribution Report No. 239 Form 8 K

Quarterly Distribution Report No. 239

To the holders (the "Unit Holders") of Trust Certificates representing interests (the "Trust Units") in Mills Music Trust (the "Trust"):

Enclosed you will find a check representing your share of a distribution by the Trust to the Unit Holders of record at the close of business on September 22, 2024.

This Quarterly Distribution report relates to the payment received by the Trust from Sony Music Publishing during the second quarter of 2024 (the "Q2 Distribution Period"), in respect of the contingent portion payment attributable to royalty income generated by the Trust's copyright catalogue in the Q2 Distribution Period (the "Contingent Portion Payment").

The Trust received $512,648 ($1.8460 per Trust Unit) for the Contingent Portion Payment attributable to the Q2 Distribution Period, as compared to $467,307 ($1.6827 per Trust Unit) for the payment attributable to the second quarter of 2023.

After receiving the Contingent Portion Payment, the Trust paid $141,921 to third parties in connection with invoices rendered to the Trust, leaving a balance of $370,727 ($1.3350 per Trust Unit). Such balance is being distributed to the Unit Holders of record as of the close of business on September 22, 2024.

During the twelve month period ended September 30, 2024, the Trust's aggregate distributions will amount to $836,629 ($3.0126 per Trust Unit), as compared to $867,813 ($3.1248 per Trust Unit) during the twelve month period ended September 30, 2023.

Additional computation details are set forth in the attached report.

The information contained in this Quarterly Distribution Report will be disclosed on a Form 8-K filed with the Securities and Exchange Commission (the "SEC"). The Trust's SEC filings are available to the public over the internet on the SEC's web site at http://www.sec.gov.

Very truly yours,

  MILLS MUSIC TRUST

The following is a computation of amounts available for distribution and/or the payment of administrative expenses of the Trust during the three months and twelve months ended September 30, 2024 and September 30, 2023 out of payments made to the Trust in connection with a deferred contingent purchase price obligation under the asset purchase agreement, dated December 5, 1964:

Three

Months
Ended
September 30,
2024

Per
Unit*

Gross royalty income collected by EMI for the period

$ 1,357,689

Less: Related royalty expense

369,842

Amount deducted by EMI

475,187

Adjustment for copyright renewals, etc.

12
845,041

Balance as reported by EMI

$ 512,648

Payments received by Trust

$ 512,648 $ 1.8460

Less: Fees and expenses to Registrar-Transfer Agent and other

   administrative expenses

141,921 .5110

Balance available for distribution

$ 370,727 $ 1.3350

Distribution per Unit*

$ 1.3350
*

Based on the 277,712 Trust Units outstanding.

Three

Months

Ended

September 30,

2023

Per
Unit*

Twelve

Months

Ended

September 30,

2024

Per

Unit

Twelve

Months

Ended

September 30,

2023

Per

Unit

$ 1,313,969 $ 3,964,991 $ 3,621,671
385,575 1,420,825 1,294,716
459,244 1,211,258 1,117,714
1,843 1,619 5,265
846,662 2,633,702 2,417,695
$ 467,307 $ 1,331,289 $ 1,203,976
$ 467,307 $ 1.6827 $ 1,331,289 $ 4.7938 $ 1,203,976 $ 4.3353

71,498

.2574 494,660 1.7812 336,163 1.2105
$ 395,809 $ 1.4253 $ 836,629 $ 3.0126 $ 867,813 $ 3.1248
$ 1.4253 $ 3.0126 $ 3.1248