KIEWIT ROYALTY TRUST: Completion of Acquisition or Disposal of Assets, Other Events, Financial Statements and Exhibits (Form 8-K)

By Donald M. Blake Last updated Mar 17, 2022

Item 2.01 Completion of Acquisition or Disposal of Assets.

The information set forth in Section 8.01 of this report on Form 8-K is incorporated herein by reference.

Item 8.01 Other Events.

As part of the liquidation process, the Court authorized the Trustee to take all necessary steps to sell the properties of the Trust and complete the sale of certain assets to Navajo Transitional Energy Company, LLC (“NTEC”) pursuant to the terms of an NTEC letter of agreement, a copy of which was filed by the Trust as Exhibit 10.1 to the current report on Form 8-K with the SECOND to August 3, 2021
and to Spartan Energy, LLCas further described in the current report on Form 8-K filed by the Trust with SECOND to October 5, 2021.

The Trustee actively worked to liquidate the assets and pay all expenses, costs and professional fees in accordance with the Trust Deed and the court order. The Trust intends to formally dissolve and terminate on Monday, March 28, 2022, and on such date, Unitholders of record are entitled to a distribution of any remaining trust funds. However, the Trust will not make a final distribution to its Unitholders because it no longer has sufficient revenues to cover its operating costs and expenses. The Trust recently sent a letter to each Unitholder notifying them that their account will be closed on March 28, 2022, and the trust was terminated. A copy of the letter is incorporated by reference as Exhibit 99.1 to this Report on Form 8-K.

Item 9.01 Financial statements and supporting documents



(d)   Exhibits

        Exhibit 99.1   Letter to Unitholders dated March 17, 2022

      Exhibit 104   Cover Page Interactive Data File. The cover page XBRL tags
      are embedded within the inline XBRL document.




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