US BANK LETTERHEAD] January 28, 2008Kiewit Royalty Trust • January 28th, 2008 • Mineral royalty traders
As you may know, an unsolicited tender offer has been made by MPF Senior Note Program I, LP; MPF Senior Note Program II, LP; Sutter Opportunity Fund 4, LLC; Mary R. Bellamy Charitable Trust No. 1; and Mary R. Bellamy Charitable Trust No. 2 (collectively the “Purchasers”) to purchase up to 2,526,686 Units of the Kiewit Royalty Trust at a price of $0.55 per Unit. The Units sought by the Purchasers represent 20% of the outstanding Units of the Trust. U.S. Bank, N.A., the Trustee of the Trust, first became aware of this tender offer on January 11, 2008.
