The Trust does not use the term "Freedom Checks." Except in limited circumstances, the Trust pays monthly cash distributions to its Unit Holders. The Trust collects the revenue attributable to the Royalty from Hilcorp, pays expenses, then distributes the remaining proceeds to Unit Holders. Besides interest income, the revenue forwarded monthly to the Trust from Hilcorp is the only source of revenue for Unit Holders.
We are aware that certain non-affiliated third party publications may refer to such monthly distributions from royalty trusts as "Freedom Checks." However, other than the monthly distributions described above, there are no separate programs or affiliations associated with Trust revenue or distributions using the term “Freedom Checks” or otherwise. Please refer to the most recent Annual Report & 10-K filing posted to our website for more specific information regarding the Trust, its revenue, and distributions to Unit Holders.