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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
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MESA ROYALTY TRUST/TX (Name of Issuer) |
Units of Beneficial Interest (Title of Class of Securities) |
590660106 (CUSIP Number) |
Andrew Gile 150 N Ludington Street, Columbus, WI, 53925 920-350-7200 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
11/21/2024 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 590660106 |
| 1 |
Name of reporting person
A. Gile & Co. LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO, PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
WISCONSIN
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
202,452.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
10.9 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IA |
SCHEDULE 13D
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| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Units of Beneficial Interest |
| (b) | Name of Issuer:
MESA ROYALTY TRUST/TX |
| (c) | Address of Issuer's Principal Executive Offices:
BNY MELLON TRUST COMPANY, N.A., BNY MELLON TRUST COMPANY, N.A., HOUSTON,
TEXAS
, 77002. |
| Item 2. | Identity and Background |
| (a) | A. Gile & Co. LLC |
| (b) | 150 N Ludington Street, Columbus, WI 53925 |
| (c) | A. Gile & Co. is a state-registered investment adviser. It acts as a discretionary investment manager on behalf of its clients, who maintain a beneficial interest in Mesa Royalty Trust. In addition, A. Gile & Co.'s principal, Andrew Gile, maintains ownership of Mesa Royalty Trust by virtue of investments in certain accounts. |
| (d) | Not applicable |
| (e) | Not applicable |
| (f) | Wisconsin, USA |
| Item 3. | Source and Amount of Funds or Other Consideration |
A. Gile & Co. acquired Shares of MTR for investment purposes on behalf of its clients as well as its own interest and used client assets to purchase Shares on behalf of its clients, and its own working capital to purchase Shares for its proprietary accounts. | |
| Item 4. | Purpose of Transaction |
The Reporting Person purchased shares based on their belief that the Issuer's stock represented an attractive investment opportunity. The Reporting Person believes the Issuer's current share price dramatically undervalues its present value of future cash flows, unique portfolio of royalty interests, and strong capital position. The Reporting Person will seek to engage in constructive discussions with the Issuer, other shareholders, and other persons regarding the Issuer's corporate governance, management decisions, business communications, financial condition, and strategic plans.
The Reporting Person intends to review their investment in the Issuer on a continuing basis. Depending on various factors and subject to the obligations described herein, including, without limitation, the Issuer's financial position and strategic direction, actions taken by the Trustee, price levels of the shares, other investment opportunities available to the Reporting Person, portfolio concentrations, market conditions, and general economic and industry conditions, the Reporting Person may take such actions with respect to their investments as they deem appropriate, including, without limitation, purchasing additional shares or selling some or all of their beneficial or economic holdings relating to the Issue.
Except as otherwise set forth in this Schedule 13D, the Reporting Person does not have any present plans or proposals that relate to or would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Person, at any time and from time to time, may review, reconsider, and change their position and/or change their purpose and/or develop such plans and may seek to influence the management of the Issuer with respect to the business and affairs of the Issuer and may from time to time consider pursuing or proposing such matters with advisors, the Isser, or other persons. | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | As of the close of business on November 21, 2024, A. Gile & Co. beneficially owned 202,452 Shares.
Percentage: Approximately 10.86% |
| (b) | As of the filing, the Reporting Person has the following voting power and dispositive power with respect to the reported securities: 202,452 |
| (c) | A. Gile & Co. transactions in the Shares are set forth in Schedule A and are incorporated herein by reference. |
| (d) | not applicable |
| (e) | not applicable |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
not applicable | |
| Item 7. | Material to be Filed as Exhibits. |
Schedule A outline transaction history is attached. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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