Pacific Coast Oil Trust (ROYT) said Tuesday that it has closed its initial public offering of 18.5 million trust units at $20.00 per trust unit.
The 18.5 million trust units represent a 47.9% beneficial interest in the Trust.
The underwriters also have a 30-day option to purchase up to an additional 2.775 million trust units at the initial offering price.
Pacific Coast Energy Co. LP, the sponsor of the Trust, sold the trust units being offered at the closing of the initial public offering, and will sell any additional trust units upon exercise of the over-allotment option, if any.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.