August 27, 2018 - 9:15 AM EDT
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OTC Markets Group Welcomes Hugoton Royalty Trust to OTCQX

NEW YORK, Aug. 27, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Hugoton Royalty Trust (OTCQX: HGTXU), an express trust created under the laws of Texas pursuant to the Hugoton Royalty Trust Royalty Trust Indenture, has qualified to trade on the OTCQX® Best Market.  Hugoton Royalty Trust previously traded on the New York Stock Exchange.    

Hugoton Royalty Trust begins trading today on OTCQX under the symbol "HGTXU."  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

"We are pleased to welcome Hugoton Royalty Trust to the OTCQX Best Market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Trading on OTCQX will allow Hugoton Royalty Trust to provide an investor-friendly trading experience, and a transparent, cost-effective alternative to a U.S. stock exchange listing."

"We are pleased for the Hugoton Royalty Trust to be part of the OTCQX Best Market and for the Trust Units to begin trading on OTCQX," said Ron Hooper, Senior Vice President of Simmons Bank, Trustee of the Hugoton Royalty Trust.

About Hugoton Royalty Trust

Hugoton Royalty Trust is an express trust created under the laws of Texas pursuant to the Hugoton Royalty Trust Royalty Trust Indenture entered into on December 1, 1998 between XTO Energy Inc. (formerly known as Cross Timbers Oil Company), as grantor, and NationsBank, N.A., as Trustee.  The Trust holds 80% net profits interests in certain predominantly gas-producing properties located in Kansas, Oklahoma and Wyoming. Simmons Bank is now the Trustee of the Trust.  For more information on the Trust, please visit its web site at www.hgt-hugoton.com.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, [email protected]

OTC Markets Group logo. (PRNewsFoto/OTC Markets Group)

 

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SOURCE OTC Markets Group Inc.


Source: PR Newswire (August 27, 2018 - 9:15 AM EDT)

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