Mills Music Trust reported a contingent distribution for the second quarter of 2026, with the trust receiving approximately $684,729 from Sony Music Publishing. This payment amounts to $2.4656 per Trust Unit, representing a 33.5% increase compared to the contingent portion payment received for the second quarter of 2025, which was $512,648 ($1.8460 per Trust Unit).
After deducting administrative expenses of $111,347, the trust retained a balance of $573,382 ($2.0647 per Trust Unit). This remaining balance is being distributed to Unit Holders of record as of the close of business on September 22, 2026.
The distribution details are derived from payments made to the trust in connection with a deferred contingent purchase price obligation under an asset purchase agreement dated December 5, 1964. The calculation for the quarter ended September 30, 2026, included gross royalty income collected by Sony EMI of $1,814,343, less related royalty expenses of $374,704 and deductions by Sony EMI of $570,464.
The filing also notes a historical dispute regarding a computational error. In March 2026, Sony EMI informed the trust that it had overpaid by $89,973 ($0.3239 per Trust Unit) for the fourth quarter of 2025. Sony EMI intends to offset this amount against future contingent portion payments, and the trust has reserved its rights regarding the dispute.
