Mills Music Trust details Q4 2025 royalty payouts

Mills Music Trust reported royalty cash flows and distributions tied to its catalogue for the fourth quarter of 2025 and the twelve months ended March 31, 2026.

Rhea-AI Filing Summary

Mills Music Trust reported royalty cash flows and distributions tied to its catalogue for the fourth quarter of 2025 and the twelve months ended March 31, 2026. For Q4 2025, the Trust received a contingent royalty payment of $241,647 or $0.8701 per unit, down from $260,759 or $0.9390 per unit for Q4 2024.

Including a Q3 2025 true-up of $92,550 and an $89,973 additional Q4 amount, total payments were $424,170. After $78,865 of expenses, $345,305 or $1.2434 per unit will be distributed to unit holders of record as of March 24, 2026. Sony EMI has since indicated the $89,973 additional Q4 amount was an overpayment and plans to offset it against future contingent payments. For the twelve months ended March 31, 2026, distributions totaled $1,184,136 or $4.2639 per unit, compared with $503,548 or $1.8132 per unit a year earlier.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What Q4 2025 royalties did Mills Music Trust (MMTRS) receive?

Mills Music Trust received $241,647 in Q4 2025 contingent royalties. This equals $0.8701 per unit, compared with $260,759 or $0.9390 per unit for the fourth quarter of 2024, reflecting lower contingent royalty income for that quarter.

How much is Mills Music Trust (MMTRS) distributing for Q4 2025?

The Trust is distributing $345,305 for Q4 2025. After receiving $424,170 of payments and paying $78,865 of expenses, the remaining $345,305, equal to $1.2434 per unit, will go to unit holders of record as of March 24, 2026.

What is the Sony EMI overpayment mentioned by Mills Music Trust (MMTRS)?

Sony EMI informed the Trust that an $89,973 additional Q4 amount was overpaid. Sony EMI plans to correct this by offsetting the $89,973 against future contingent royalty payments owed to the Trust in subsequent quarters.

How did Mills Music Trust (MMTRS) full-year 2026 distributions compare to 2025?

Full-year distributions rose to $1,184,136 in 2026 from $503,548 in 2025. On a per-unit basis, payouts increased to $4.2639 for the twelve months ended March 31, 2026, versus $1.8132 for the prior twelve-month period.

What per-unit distribution will Mills Music Trust (MMTRS) pay for Q4 2025?

Unit holders will receive a Q4 2025 distribution of $1.2434 per unit. This amount reflects total payments of $1.5274 per unit to the Trust, less $0.2839 per unit in fees and administrative expenses for the period.

What other payments affected Mills Music Trust (MMTRS) Q4 2025 cash flows?

Q4 2025 cash flows included a Q3 true-up and an additional Q4 amount. The Trust received a $92,550 Q3 true-up payment ($0.3333 per unit) and an $89,973 additional Q4 amount ($0.3239 per unit), both from Sony EMI.

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Accepted by SEC EDGAR 03/26/2026 - 10:29 AM Learn about SEC filing dates

false 0000066496 0000066496 2026-03-25 2026-03-25

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 25, 2026

MILLS MUSIC TRUST

(Exact name of registrant as specified in its charter)

New York		000-02123		13-6183792
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

C/O HSBC Bank USA, N/A, Corporate Trust Issuer Services 66 Hudson Boulevard East, New York, New York		10001
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 525-1349

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On Mach 25, 2026 Mills Music Trust issued a report to its Unit Holders containing computation details regarding the payment it received attributable to the fourth quarter of 2025. The full text of the report is included as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

99.1		Quarterly distribution report, dated March 25, 2026 issued by the Trust.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						MILLS MUSIC TRUST
Date: March 26, 2026				By:		/s/ Garfield Barrett
						Garfield Barrett Trust Officer of the Corporate Trustee HSBC Bank U.S.A, NA

Exhibit 99.1

MILLS MUSIC TRUST

C/O HSBC BANKS U.S.A.

66 HUDSON BLVD EAST

NEW YORK, NY 10001

March 25, 2026

Quarterly Distribution Report No. 245

To the holders (the “Unit Holders”) of Trust Certificates representing interests (the “Trust Units”) in Mills Music Trust (the “Trust”):

This Quarterly Distribution report relates to the payment (the “Q4 Payment”) received by the Trust from Sony Music Publishing (“Sony EMI”) during the fourth quarter of 2025 (the “Q4 Distribution Period”), in respect of the contingent portion payment attributable to royalty income generated by the Trust’s copyright catalogue in the Q4 Distribution Period (the “Q4 Contingent Portion Payment”).

The Trust received $241,647 ($0.8701 per Trust Unit) for the Q4 Contingent Portion Payment attributable to the Q4 Distribution Period, as compared to $260,759 ($0.9390 per Trust Unit) for the payment attributable to the fourth quarter of 2024.

In addition to the Q4 Contingent Portion Payment, the Trust also received from Sony EMI during the Q4 Distribution Period (i) $92,550 ($0.3333 per Trust Unit) as a result of a true up of the contingent portion payment made by Sony EMI to the Trust during the third quarter of 2025 (the “Q3 Distribution Period”) in respect of royalty income generated by the Trust’s copyright catalogue in the Q3 Distribution Period (the “Q3 True Up Payment”) and (ii) $89,973 ($0.3239 per Trust Unit) with respect to the Q4 Contingent Portion Payment which is discussed in more detail immediately below (the “Additional Q4 Amount”).

After receiving the Q4 Contingent Portion Payment, the Q3 True Up Payment and the Additional Q4 Amount (collectively, the “Q4 Payment”), the Trust paid $78,865 in connection with invoices rendered to the Trust, leaving an aggregate balance of $345,295 ($1.2434 per Trust Unit). Such balance is being distributed to the Unit Holders of record as of the close of business on March 24, 2026.

On March 12, 2026, Sony EMI informed the Trust that the Additional Q4 Amount was an overpayment and that it intends to correct such overpayment in future quarters by offset against future contingent portion payments to be made to the Trust in respect of such quarters.

Additional computation details are set forth in the attached report.

The information contained in this Quarterly Distribution Report will be disclosed on a Form 8-K filed with the Securities and Exchange Commission (the “SEC”). The Trust’s SEC filings are available to the public over the internet on the SEC’s web site at http://www.sec.gov.

Very truly yours,

  MILLS MUSIC TRUST

The following is a computation of amounts available for distribution and/or the payment of administrative expenses of the Trust during the three months and twelve months ended March 31, 2026 and March 31, 2025 out of payments made to the Trust in connection with a deferred contingent purchase price obligation under the asset purchase agreement, dated December 5, 1964:

		Three Months Ended March 31, 2026				Per Unit*
Gross royalty income collected by Sony EMI for the period		$	1,356,179
Less: Related royalty expense		$	568,024
Amount deducted by EMI		$	389,841
Adjustment for copyright renewals, etc.		$	157,207
		$	1,115,072
Balance as reported by EMI		$	241,647			$	0.8701
Q3 True Up Payment		$	92,550	1		$	0.3333
Additional Q4 Amount		$	89,973	2		$	0.3239
Payments received by Trust		$	424,170			$	1.5274
Less: Fees and expenses to Registrar-Transfer Agent and other administrative expenses		$	78,865			$	0.2839
Audit Settlement Payment			—			$	—
Less: Reserve for future potential administrative liabilities and expenses			—			$	0.2302
Balance available for distribution		$	345,305			$	1.2434
Distribution per Unit*						$	1.2434

* Based on the 277,712 Trust Units outstanding.

1 During the Q3 Distribution Period, the Trust received an estimated payment from Sony EMI in the aggregate amount of $250,000 in respect of the contingent portion payment attributable to royalty income generated by the Trust’s copyright catalogue in such period. During the Q4 Distribution Period, the Trust received a true up payment in respect of such estimated payment in the amount of $92,550, representing (x) income collected by EMI for the period of $919,933, less (y) the sum of (i) related royalty expenses of $280,906, (ii) deductions by EMI in the amount of $267,196, and (iii) adjustments for copyright renewals in the amount of $29,281.

2 On March 12, 2026, Sony EMI informed the Trust that it had overpaid the Trust by the aggregate amount of $89,973 ($0.3239 per Trust Unit) for the Q4 Contingent Portion Payment as a result of a computational error made by Sony EMI. Sony EMI intends to correct the overpayment in future quarters by offset against future contingent portion payments to be made to the Trust in respect of such quarters.

Three Months Ended March 31, 2025								Per Unit*				Twelve Months Ended March 31, 2026								Per Unit				Twelve Months Ended March 31, 2025								Per Unit
$	923,302											$	4,687,128											$	3,804,220
	362,433												1,652,373												1,383,974
	300,055												1,126,011												1,156,042
	55												425,201												97
	662,543												3,203,585												2,540,113
$	260,759												1,483,543											$	1,264,107
	—								—				—								—				—								—
	—								—				—								—				—								—
$	260,759							$	.9390			$	1,483,543							$	5.3420			$	1,264,107							$	4.5519
$	196,827								.7087			$	799,407							$	2.8785			$	696,627							$	2.5085
	—								—			$	500,000							$	1.8004				—								—
$	63,932								.2302				—								—			$	63,932							$	.2302
	—								—			$	1,184,136							$	4.2639			$	503,548							$	1.8132
									—											$	4.2639											$	1.8132

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 57.0 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.2 KB