Argent Trust Company announced the absence of a cash distribution for August 2025 due to excess costs.
Cash reserve reduced by $42,000 for Trust expenses.
Trustee anticipates replenishing the cash reserve before future distributions.
No August Cash Distribution
Excess costs led to the decision not to distribute cash in August 2025.
Compliance Status with SEC
The Trust has regained compliance status by filing Form 10-Q reports for the first and second quarters of 2025.
- Excess costs on properties in Kansas, Oklahoma, and Wyoming increased, affecting cumulative excess costs balances.
- Mach notified Trustee of production expenses and overhead costs for the current month.
The Trust's financial decisions reflect the impact of excess costs on cash distribution and the importance of maintaining compliance with SEC filings.