DALLAS, March 5 /PRNewswire-FirstCall/ -- Bank of America, N.A., Dallas,
Texas, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a
cash distribution to the holders of its units of beneficial interest of
$0.117547 per unit, payable on March 31, 2003, to unit holders of record on
March 17, 2003.
Due to the timing of the end of the month of February, approximately
$780,000 of revenue received will be posted in the following month of March in
addition to normal receipts during March. In addition to the shortness of
February, an ice storm in Texas on February 25th and 26th delayed oil and gas
purchasers from issuing their remittances in a timely manner. There were also
delays of the US postal service delivering these remittances to Sabine for
deposit. Approximately an additional $1.4 million would have normally been
received and processed for February if not for the inclement weather.
SOURCE Sabine Royalty Trust
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Company News On-Call:
http://www.prnewswire.com/comp/118881.html
CONTACT:
Ron E. Hooper, Senior Vice President of Bank
of America, N.A., +1-800-365-6541, for Sabine Royalty Trust
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