v3.26.1
Statements of Cash Receipts and Disbursements - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating Cash Flows, Direct Method [Abstract]        
Receipts from EMI $ 225,863 $ 202,850 $ 650,023 [1] $ 463,609
Undistributed Cash at Beginning of Period 0 63,978 [2] 0 46
Disbursements—Administrative Expenses (132,540) (128,795) (211,405) (325,622)
Balance Available for Distribution 93,323 138,033 438,618 138,033
Cash Distributions to Unit Holders 93,323 0 438,618 0
Undistributed Cash at End of Period $ 0 $ 138,033 [3] $ 0 $ 138,033 [3]
Cash Distributions Per Unit (based on 277,712 Trust Units Outstanding) $ 0.336 $ 0 $ 1.5794 $ 0
[1] The receipts from EMI for the six months ended June 30, 2026 include $89,963 ($0.3239 per Trust Unit) as an additional payment (the “Additional Q4 Amount”) attributable to royalty income generated by the Catalogue during the fourth quarter of 2025 (the “Q4 Contingent Portion Payment”), which EMI claims is the result of a computational error made by EMI in calculating such Q4 Contingent Portion Payment. In the Trust’s view, the Additional Q4 Amount relates to the “Calculation Method Dispute” discussed in more detail below, a historical dispute between EMI and the Trust regarding the interpretation of a provision in the Asset Purchase Agreement governing the formula to be used to determine the Contingent Portion payment in a given quarter. EMI has advised the Trust that the Additional Q4 Amount represents an overpayment by EMI to the Trust and that EMI intends to correct such overpayment in future quarters by offset against future Contingent Portion payments to be made to the Trust, in which case, the Trust intends to reserve its rights with respect to the Additional Q4 Amount and the Calculation Method Dispute.
[2] As of April 1, 2025 undistributed cash in the aggregate amount of $63,978 was being held in reserve for future potential administrative expenses and liabilities in accordance with the Declaration of Trust.
[3] Consists of undistributed cash in the aggregate amount of $138,033 which was held in reserve for future potential administrative expenses and liabilities in accordance with the Declaration of Trust.