Mills Music Trust (OTC: MMTRS) boosts Q1 2026 royalty distribution per unit

Rhea-AI Filing Summary

Mills Music Trust reported a new royalty-based cash distribution to its Unit Holders. The Trust received approximately $225,863, or $0.8133 per Trust Unit, from Sony Music Publishing as the contingent portion payment tied to royalty income generated in the first quarter of 2026.

This compares to $202,850, or $0.7304 per Unit, for the comparable first-quarter 2025 contingent payment, indicating higher royalty collections year over year. From the 2026 contingent payment, the Trust paid $132,540 to third-party advisors and professionals.

After these expenses, an aggregate balance of $93,323, or about $0.3361 per Trust Unit, is being distributed to Unit Holders of record as of the close of business on June 23, 2026. The accompanying report also details gross royalty income and related costs for the three and twelve months ended June 30, 2026 and June 30, 2025.

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, and exhibit attachments filed with this report.

Key Figures

Q1 2026 contingent payment: $225,863 Q1 2026 payment per Unit: $0.8133 per Trust Unit Q1 2025 contingent payment: $202,850 +5 more

8 metrics

Q1 2026 contingent payment $225,863 Payment from Sony Music Publishing tied to Q1 2026 royalties

Q1 2026 payment per Unit $0.8133 per Trust Unit Contingent portion payment attributable to Q1 2026 royalties

Q1 2025 contingent payment $202,850 Prior-year contingent payment tied to Q1 2025 royalties

Q1 2025 payment per Unit $0.7304 per Trust Unit Contingent portion payment attributable to Q1 2025 royalties

Advisor and professional fees $132,540 Paid from Q1 2026 contingent payment to third-party service providers

Balance available for distribution $93,323 Remaining from Q1 2026 contingent payment after expenses

Distribution per Unit $0.3361 per Trust Unit Cash distribution to Unit Holders of record on June 23, 2026

Gross royalty income, three months $1,132,667 Gross royalty income collected by Sony EMI for three months ended June 30, 2026

Key Terms

Q1 2026 Contingent Portion Payment, royalty income, Asset Purchase Agreement, deferred contingent purchase price obligation, +2 more

6 terms

Q1 2026 Contingent Portion Payment financial

"in respect of the contingent portion payment attributable to royalty income generated by the Trust’s copyright catalogue in the first quarter of 2026"

royalty income financial

"attributable to royalty income generated by the Trust’s copyright catalogue in the first quarter of 2026"

Royalty income is money a company or individual receives for allowing others to use its intellectual property, natural resources, or patented processes — like collecting rent when you let someone use your idea, song, mineral rights, or technology. It matters to investors because royalties can provide steady, often high-margin cash flow with low ongoing costs, making a business more predictable and easier to value; think of it as a durable revenue stream that keeps paying as long as the asset is in demand.

Asset Purchase Agreement financial

"under the asset purchase agreement, dated December 5, 1964, as amended (the “Asset Purchase Agreement”)"

An asset purchase agreement is a legal contract in which a buyer agrees to buy specific assets and contracts of a business rather than buying the company’s stock or ownership. It matters to investors because it determines exactly what is being bought and what liabilities stay behind — like buying the furniture and equipment from a store but not the building or past debts — which affects the deal’s value, taxes and future risk exposure.

deferred contingent purchase price obligation financial

"payments made to the Trust in connection with a deferred contingent purchase price obligation under the Asset Purchase Agreement"

Trust Units financial

"Trust Certificates representing interests (the “Trust Units”) in Mills Music Trust"

Unit Holders financial

"to the holders (the “Unit Holders”) of Trust Certificates representing interests"

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Understanding 8-K Material Events →

Available on EDGAR 06/26/2026 - 12:19 PM Accepted by SEC EDGAR 06/26/2026 - 12:19 PM Learn about SEC filing dates

false 0000066496 0000066496 2026-06-24 2026-06-24

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): June 24, 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 June 24, 2026 Mills Music Trust issued a report to its Unit Holders containing computation details regarding the payment it received attributable to the first quarter of 2026. 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 June 24, 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: June 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

June 24, 2026

Quarterly Distribution Report No. 246

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 received by the Trust from Sony Music Publishing (“Sony EMI”) during the second quarter of 2026, in respect of the contingent portion payment attributable to royalty income generated by the Trust’s copyright catalogue in the first quarter of 2026 (the “Q1 2026 Contingent Portion Payment”).

The Trust received approximately $225,863 ($0.8133 per Trust Unit) for the Q1 2026 Contingent Portion Payment, as compared to $202,850 ($0.7304 per Trust Unit) for the contingent portion payment attributable to royalty income generated by the Trust’s copyright catalogue in the first quarter of 2025.

After receiving the Q1 2026 Contingent Portion Payment, the Trust paid $132,540 to third party advisors and professionals providing services to the Trust in connection with invoices rendered to the Trust, leaving an aggregate balance of $93,323 ($0.3361 per Trust Unit). Such balance is being distributed to the Unit Holders of record as of the close of business on June 23, 2026.

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 June 30, 2026 and June 30, 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, as amended (the “Asset Purchase Agreement”):

		Three Months Ended June 30, 2026								Per Unit*
Gross royalty income collected by Sony EMI for the period		$	1,132,667
Less: Related royalty expense			451,144
Amount deducted by Sony EMI			325,966
Adjustment for copyright renewals, etc.			129,694
			906,804
Balance as reported by Sony EMI		$	225,863
Q3 True Up Payment			—
Additional Q4 Amount			—
Payments received by Trust		$	225,863							$	.8133
Less: Fees and expenses to Registrar-Transfer Agent and other administrative expenses			132,540								.4773
Audit Settlement Payment			—								—
Less: Reserve for future potential administrative liabilities and expenses			—								—
Balance available for distribution		$	93,323							$	.3360
Distribution per Unit*										$	.3360

* Based on the 277,712 Trust Units outstanding.

Three Months Ended June 30, 2025								Per Unit*				Twelve Months Ended June 30, 2026								Per Unit				Twelve Months Ended June 30, 2025								Per Unit
$	945,031											$	3,954,291											$	3,836,508
	453,509												1,369,102												1,401,853
	218,786												955,958												1,146,544
	69,886												455,728												69,976
$	742,181												2,780,788												2,618,373
$	202,850											$	1,173,503											$	1,218,135
	—												92,550	(1)							.3325
	—												89,973	(2)							.3239
$	202,850							$	.7304			$	1,173,503							$	4.2256			$	1,218,135							$	4.3863
	128,793								.4638				803,154								2.8921				744,963								2.6825
	—								—				500,000								1.8004				—								—
	74,057							$	.2666				—								—				137,989								.4969
	—								—			$	1,052,872							$	3.7910			$	335,183							$	1.2069
									—											$	3.7910											$	1.2069

1 During the third quarter of 2025, the Trust received an estimated payment from Sony EMI in the aggregate amount of $250,000 in respect of the contingent portion payment for such period. During the fourth quarter of 2025, the Trust received a true up payment in respect of such estimated payment in the amount of $92,550, representing (x) income collected by Sony EMI for the period of $919,933, less (y) the sum of (i) related royalty expenses of $280,906, (ii) deductions by Sony 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 contingent portion payment attributable to the fourth quarter of 2025, which Sony EMI claims is the result of a computational error made by Sony EMI. In the Trust’s view, this payment relates to a historical dispute between Sony 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 (the “Calculation Method Dispute”). Sony EMI has advised the Trust that it intends to correct the 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 overpayment and the Calculation Method Dispute.

FAQ

What royalty payment did Mills Music Trust (MMTRS) receive for Q1 2026?

Mills Music Trust received approximately $225,863, or $0.8133 per Trust Unit, from Sony Music Publishing for the contingent portion tied to Q1 2026 royalty income. This reflects the net amount reported by Sony EMI before Trust-level expenses.

How does Mills Music Trust’s Q1 2026 contingent payment compare with Q1 2025?

The Q1 2026 contingent payment of $225,863 exceeded the Q1 2025 contingent payment of $202,850. On a per-unit basis, the payment increased from $0.7304 in 2025 to $0.8133 in 2026, indicating higher underlying royalty income.

What distribution will Mills Music Trust (MMTRS) Unit Holders receive from the Q1 2026 payment?

After expenses, Unit Holders will receive an aggregate distribution of about $93,323, or roughly $0.3361 per Trust Unit. This amount represents the remaining balance from the Q1 2026 contingent payment specifically allocated for distribution to Unit Holders.

What expenses did Mills Music Trust pay from the Q1 2026 contingent royalty receipt?

From the Q1 2026 contingent royalty payment, Mills Music Trust paid approximately $132,540 to third-party advisors and professionals. These expenses covered services provided to the Trust under invoices rendered, reducing the balance available for distribution to Unit Holders.

Who is the counterparty for Mills Music Trust’s contingent royalty payments?

The contingent royalty payments are made by Sony Music Publishing, referred to as Sony EMI. These payments arise under a deferred contingent purchase price obligation in the 1964 Asset Purchase Agreement relating to Mills Music Trust’s copyright catalogue.

What period does the June 24, 2026 Mills Music Trust report cover?

The June 24, 2026 report covers the Q1 2026 contingent portion payment received during Q2 2026 and includes computations for the three and twelve months ended June 30, 2026 and 2025, showing royalty income, deductions, and amounts available for distribution.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 63.3 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.2 KB