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Exhibit 99.1

MILLS MUSIC TRUST

C/O HSBC BANKS U.S.A.

452 FIFTH AVENUE

NEW YORK, NY 10018-2706

June 21, 2017

Quarterly Distribution Report No. 210

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

Enclosed you will find a check representing your share of a distribution by the Trust to the Unit Holders of record at the close of business on June 16, 2017.

This Quarterly Distribution Report relates to the payment received by the Trust from EMI Entertainment World Inc., attributable to the first quarter of 2017 (the “Q1 Distribution Period”).

The Trust received $289,114 ($1.0411 per Trust Unit) for the Q1 Distribution Period (the “Q1 Payment”), as compared to $243,070 ($.8753 per Trust Unit) for the payment attributable to the first quarter of 2016.

After receiving the Q1 Payment, the Trust paid $70,848 to third parties in connection with invoices for services rendered to the Trust, leaving a balance of $218,266 ($.7860 per Trust Unit). This balance is being distributed to the Unit Holders of record as of the close of business on June 16, 2017.

During the twelve month period ended June 30, 2017, the Trust’s aggregate distributions will amount to $698,038 ($2.5136 per Trust Unit), as compared to $789,002 ($2.8411 per Trust Unit) during the twelve month period ended June 30, 2016.

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, 2017 and June 30, 2016 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

June 30,
2017

 

            

Per
Unit*

 

 

Gross royalty income collected by EMI for the period

   $ 1,172,876        
  

 

 

       

Less: Related royalty expense

     479,117        

Amount deducted by EMI

     369,889        

Adjustment for copyright renewals, etc.

     34,755        
  

 

 

       
     883,761        
  

 

 

       

Balance as reported by EMI

   $ 289,114        
  

 

 

       

Payments received by Trust

   $ 289,114         $ 1.0411  
        

Refund of over deduction of gross royalty income for prior quarters by EMI

            
  

 

 

       

 

 

 

Total

   $ 289,114         $ 1.0411  

Less: Fees and expenses to Registrar-Transfer Agent and other

            administrative expenses

     70,848           .2551  
        
  

 

 

       

 

 

 

Balance available for distribution

   $ 218,266         $ .7860  
  

 

 

       

 

 

 

Distribution per Unit*

      $ .7860     
     

 

 

    

 

* Based on the 277,712 Trust Units outstanding.

 

 


 

 

 

Three

Months

Ended

June 30,

2016

 

          

Per
Unit*

 

   

Twelve

Months

Ended

June 30,

2017

 

          

Per

Unit

 

   

Twelve

Months

Ended

June 30,

2016

 

          

Per

Unit

 

 
$ 1,102,491           $ 3,288,526           $ 3,215,921        

 

 

         

 

 

         

 

 

       
  475,928             1,359,202             1,392,283        
  346,185             819,000             942,688        
  37,308             104,075             63,624        

 

 

         

 

 

         

 

 

       
  859,421             2,382,277             2,398,595        

 

 

         

 

 

         

 

 

       
$ 243,070           $ 906,248           $ 817,326        

 

 

         

 

 

         

 

 

       
$ 243,070       $ .8753     $ 906,248       $ 3.2633     $ 817,326       $ 2.9431  
                     
                      203,706         .7335  
                     

 

 

     

 

 

   

 

 

     

 

 

   

 

 

     

 

 

 
  243,070         .8753       906,248         3.2633       1,021,032       $ 3.6766  
                     
  95,397         .3435       208,210         .7497       232,030         .8355  

 

 

     

 

 

   

 

 

     

 

 

   

 

 

     

 

 

 
$ 147,673       $ .5318     $ 698,038       $ 2.5136     $ 789,002       $ 2.8411  

 

 

     

 

 

   

 

 

     

 

 

   

 

 

     

 

 

 
  $ .5318           $ 2.5136           $ 2.8411