Articles from SandRidge Mississippian Trust I

SANDRIDGE MISSISSIPPIAN TRUST I (OTC: SDTTU) today announced that on September 11, 2025, the court in the proceeding styled as Duane & Virginia Lanier Trust v. SandRidge Mississippian Trust I (the “Securities Litigation”) granted summary judgment in favor of the Trust. The plaintiff has until October 14, 2025 to appeal the court’s order. If no appeal or post-judgment motion is filed, at that point the litigation against the Trust would be deemed to be concluded and the Trust would expect to announce shortly thereafter a final distribution to Trust unitholders of the Trust’s remaining cash (after payment or provision for remaining Trust expenses), which include the net proceeds from the sale of the Trust’s royalty interests in April 2021 that the Trustee had withheld as part of its cash reserve to provide for the Trust’s potential liabilities under the Securities Litigation as required by the Delaware Statutory Trust Act.

SANDRIDGE MISSISSIPPIAN TRUST I (OTC: SDTTU) today announced that because of the statutory requirement to provide for the Trust’s potential liabilities with respect to the securities litigation described in the Trust’s annual and quarterly reports filed with the Securities and Exchange Commission, the Trust will not be distributing to holders of record as of the close of business on August 13, 2021 the net proceeds from the sale of the Trust’s assets to SandRidge Energy, Inc. (“SandRidge”) that occurred on April 22, 2021. Instead, the Trustee is withholding such net proceeds as part of its cash reserve. After the securities litigation has been resolved, the Trustee will distribute any remaining cash reserves following the payment of the Trust’s estimated remaining expenses and liabilities.

SANDRIDGE MISSISSIPPIAN TRUST I (OTC: SDTTU) today announced a quarterly distribution for the three-month period ended March 31, 2021 (which primarily relates to production attributable to the Trust’s interests from December 1, 2020 to February 28, 2021) of approximately $0.3 million, or $0.0110 per unit. The Trust makes distributions on a quarterly basis on or about the 60th day following the completion of each quarter. The distribution is expected to occur on or before May 28, 2021 to holders of record as of the close of business on May 14, 2021.