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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

September 22, 2017

Quarterly Distribution Report No. 211

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 September 18, 2017.

This Quarterly Distribution Report relates to the payment received by the Trust from EMI Entertainment World Inc., attributable to the second quarter of 2017 (the “Q2 Distribution Period”).

The Trust received $168,681 ($.6074 per Trust Unit) for the Q2 Distribution Period (the “Q2 Payment”), as compared to $204,729 ($.7372 per Trust Unit) for the payment attributable to the second quarter of 2016.

After receiving the Q2 Payment, the Trust paid $97,770 to third parties in connection with invoices for services rendered to the Trust, leaving a balance of $70,911 ($.2553 per Trust Unit). This balance is being distributed to the Unit Holders of record as of the close of business on September 18, 2017.

During the twelve month period ended September 30, 2017, the Trust’s aggregate distributions will amount to $597,274 ($2.1507 per Trust Unit), as compared to $591,150 ($2.1287 per Trust Unit) during the twelve month period ended September 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 September 30, 2017 and September 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

September 30,
2017

            Per
Unit*
 

 

 

Gross royalty income collected by EMI for the period

   $ 465,626        
  

 

 

       

Less: Related royalty expense

     173,419        

Amount deducted by EMI

     114,034        

Adjustment for copyright renewals, etc.

     9,492        
  

 

 

       
     296,945        
  

 

 

       

Balance as reported by EMI

   $ 168,681        
  

 

 

       

Payments received by Trust

   $ 168,681         $ .6074  
        

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

            administrative expenses

     97,770           .3521  
        
  

 

 

       

 

 

 

Balance available for distribution

   $ 70,911         $ .2553  
  

 

 

       

 

 

 

Distribution per Unit*

      $ .2553     
     

 

 

    

 

* Based on the 277,712 Trust Units outstanding.

 

 


 

 

 

Three

Months

Ended

September 30,

2016

          Per
Unit*
   

Twelve

Months

Ended

September 30,

2017

         

Per

Unit

   

Twelve

Months

Ended

September 30,

2016

         

Per

Unit

 

 

 

 
$ 644,231           $ 3,109,921           $ 3,140,675        

 

 

         

 

 

         

 

 

       
  66,488             1,266,133             1,347,680        
  157,072             875,962             919,891        
  15,942             97,625             66,362        

 

 

         

 

 

         

 

 

       
  439,502             2,239,720             2,333,933        

 

 

         

 

 

         

 

 

       
$ 204,729           $ 870,201           $ 806,742        

 

 

         

 

 

         

 

 

       
$ 204,729       $ .7372     $ 870,201       $ 3.1335     $ 806,742       $ 2.9050  
                     
                     
  33,053         .1190       272,927         .9828       215,592         .7763  
                         

 

 

     

 

 

   

 

 

     

 

 

   

 

 

     

 

 

 
$ 171,676       $ .6182     $ 597,274       $ 2.1507     $ 591,150       $ 2.1287  

 

 

     

 

 

   

 

 

     

 

 

   

 

 

     

 

 

 
  $ .6182           $ 2.1507           $ 2.1287