Market Overview

SandRidge Mississippian Trust II Announces Planned Increase in Existing Cash Reserve


announced that its trustee, The Bank of New York Mellon Trust Company,
N.A. (the "Trustee"), has determined to gradually increase the Trustee's
existing cash reserve for the payment of future expenses and liabilities
of the Trust, as permitted by the trust agreement.

Commencing with the distribution to unitholders payable in the first
quarter of 2019, the Trustee intends to begin withholding the greater of
$50,000 or 3.5% of the funds otherwise available for distribution each
quarter to gradually increase existing cash reserves by a total of
approximately $625,000. The Trustee may increase or decrease the
targeted amount at any time, and may increase or decrease the rate at
which it is withholding funds to build the cash reserve at any time,
without advance notice to the unitholders. Cash held in reserve will be
invested as required by the trust agreement. Any cash reserved in excess
of the amount necessary to pay or provide for the payment of future
known, anticipated or contingent expenses or liabilities eventually will
be distributed to unitholders, together with interest earned on the

This press release contains statements that are "forward-looking
statements" within the meaning of Section 21E of the Securities Exchange
Act of 1934, as amended. All statements contained in this press release,
other than statements of historical fact, are "forward-looking
statements" for purposes of these provisions. These forward-looking
statements include statements regarding the Trustee's planned
withholding of funds to increase cash reserves for future known,
anticipated or contingent expenses or liabilities of the Trust.
Important factors that could cause actual results to differ materially
include changes to commodity prices and changes to future known,
anticipated or contingent expenses or liabilities of the Trust.
Statements made in this press release are qualified by the cautionary
statements made in this press release. Neither the Trust nor the Trustee
intends, and neither assumes any obligation, to update any of the
statements included in this press release. An investment in units issued
by the Trust is subject to the risks described in the Trust's Annual
Report on Form 10-K for the year ended December 31, 2017, the Trust's
subsequent Quarterly Reports on Form 10-Q, and all of the Trust's other
filings with the SEC. The Trust's annual, quarterly and other filed
reports are or will be available over the Internet at the SEC's website

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at