DALLAS, Oct. 4 /PRNewswire/ -- 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 $0.12464
per unit, payable on October 29, 2001, to unit holders of record on
October 15, 2001.
Approximately $445,000 for ad valorem taxes for 2001 is being deducted
from this month's distribution as compared to $510,000 for 2000. These
payments are normal expenditures at this time of year. Also, due to the
timing of the end of the month of September, approximately $1,000,000 of
revenue will be posted in the following month of October in addition to normal
receipts during October. Natural gas and crude oil pricing continues to trend
downward for the year.
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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