Company: GULTU
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023391
Chunk: 9

Company: Gulf Coast Ultra Deep Royalty Trust
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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             -         
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Interest and dividend income                                              269                     1,917                               542           3,257     
  Administrative expenses                                                   (399,348                (156,042                            (399,348      (592,044  
  Administrative expenses in excess of income                               (399,079                (154,125                            (398,806      (588,787  
  Income available for distribution                                         -                       -                                   -             -         
  Adjustment to minimum cash reserve                                        -                       -                                   -             -         
  Net cash proceeds available for distribution      $                       -             $         -             $                     -             -         

6.
CONTINGENCIES AND OTHER COMMITMENTS

Litigation.

7.
SUBSEQUENT EVENTS

On
July 29, 2025, the Trustee, on behalf of the Royalty Trust requested a loan from HOGA to pay July 2025 administrative expenses, and on
July 31, 2025 HOGA loaned the Royalty Trust $45,071 for the payment of such expenses.

  10  

Item
2. Trustee’s Discussion and Analysis of Financial Condition and Results of Operations.