Exhibit 99.1

MILLS MUSIC TRUST

C/O HSBC BANKS U.S.A.

452 FIFTH AVENUE

NEW YORK, NY 10018-2706

March 30, 2022

Quarterly Distribution Report No. 229

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 March 29, 2022.

This Quarterly Distribution report relates to the payment received by the Trust from EMI Entertainment World Inc. (“EMI”) during the fourth quarter of 2021 (the “Q4 Distribution Period”), in respect of the contingent portion payment attributable to royalty income generated by the Trust’s copyright catalogue in the Q4 Distribution Period (the “Contingent Portion Payment”).

The Trust received $220,729 ($.7948 per Trust Unit) for the Contingent Portion Payment attributable to the Q4 Distribution Period, as compared to $280,912 ($1.0115 per Trust Unit) for the payment attributable to the fourth quarter of 2021.

After receiving the Contingent Portion Payment, the Trust paid $65.429 to third parties in connection with invoices rendered to the Trust, leaving a balance of $155,300 ($.5592 per Trust Unit). Such balance is being distributed to the Unit Holders of record as of the close of business on March 30, 2022.

During the twelve month period ended March 31, 2022, the Trust’s aggregate distributions will amount to $755,654 ($2.7210 per Trust Unit), as compared to $797,723 ($2.8725 per Trust Unit) during the twelve month period ended March 31, 2021.

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 March 31, 2022 and March 31, 2021 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 March 31, 2022				Per Unit*
Gross royalty income collected by EMI for the period	$	567,165
Less: Related royalty expense		203,015
Amount deducted by EMI		141,248
Adjustment for copyright renewals, etc.		2,173
Foreign Tax Credits Received		—
		346,436
Balance as reported by EMI	$	220,729
Payments received by Trust	$	220,729			$	.7948
Less: Fees and expenses to Registrar-Transfer Agent and other             administrative expenses		65,429				.2356
Balance available for distribution	$	155,300			$	.5592
Distribution per Unit*			$	.5592

* Based on the 277,712 Trust Units outstanding.

Three Months Ended March 31, 2021					Per Unit*		Twelve Months Ended March 31, 2022				Per Unit		Twelve Months Ended March 31, 2021					Per Unit
$	857,945						$	2,973,942					$	3,133,191
	341,656							1,104,963						1,133,790
	256,250							862,343						930,859
	3,111							5,300						53,937
	(23,984	)						—						(23,984	)
	577,033							1,972,606						2,094,602
$	280,912						$	1,001,336					$	1,038,589
$	280,912				$	1.0115	$	1,001,336			$	3.6057	$	1,038,589				$	3.7398
	51,115					.1841		245,682				.8847		240,866					.8673
$	229,797				$	.8274	$	755,654			$	2.7210	$	797,723				$	2.8725
			$	.8274					$	2.7210						$	2.8725