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Pacific Coast Oil Trust Units of Beneficial Interest
Pacific Coast Oil Trust (ROYT) is quite an interesting case for income investors. The stock came public in 2012 and began trading at nearly $20. However, based on its business model, ROYT sold its initial shares at just the right time for the trust, not for shareholders. Indeed, the stock subsequently fell to just $0.66 in 2016, erasing nearly every penny initial investors put into shares. The stock has rebounded nicely since that bottom, but it is still just over $2, which is roughly 90% lower than its IPO.