DALLAS, Oct. 3 /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
$0.11029 per unit, payable on October 29, 2002, to unit holders of record on
October 15, 2002.
Approximately $650,000 for ad valorem taxes for 2002 is being deducted
from this month's distribution as compared to $445,000 for 2001. These
payments are normal expenditures at this time of year. Also, due to the
timing of the end of the month of September, approximately $175,000 of revenue
will be posted in the following month of October in addition to normal
receipts during October.
SOURCE Sabine Royalty Trust
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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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