Exhibit 99.1

MILLS MUSIC TRUST

C/O HSBC BANKS U.S.A.

66 HUDSON BLVD EAST

NEW YORK, NY 10001

September 23, 2024

Quarterly Distribution Report No. 239

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 22, 2024.

This Quarterly Distribution report relates to the payment received by the Trust from Sony Music Publishing during the second quarter of 2024 (the “Q2 Distribution Period”), in respect of the contingent portion payment attributable to royalty income generated by the Trust’s copyright catalogue in the Q2 Distribution Period (the “Contingent Portion Payment”).

The Trust received $512,648 ($1.8460 per Trust Unit) for the Contingent Portion Payment attributable to the Q2 Distribution Period, as compared to $467,307 ($1.6827 per Trust Unit) for the payment attributable to the second quarter of 2023.

After receiving the Contingent Portion Payment, the Trust paid $141,921 to third parties in connection with invoices rendered to the Trust, leaving a balance of $370,727 ($1.3350 per Trust Unit). Such balance is being distributed to the Unit Holders of record as of the close of business on September 22, 2024.

During the twelve month period ended September 30, 2024, the Trust’s aggregate distributions will amount to $836,629 ($3.0126 per Trust Unit), as compared to $867,813 ($3.1248 per Trust Unit) during the twelve month period ended September 30, 2023.

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, 2024 and September 30, 2023 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, 2024				Per Unit*
Gross royalty income collected by EMI for the period	$	1,357,689
Less: Related royalty expense		369,842
Amount deducted by EMI		475,187
Adjustment for copyright renewals, etc.		12
		845,041
Balance as reported by EMI	$	512,648
Payments received by Trust	$	512,648			$	1.8460
Less: Fees and expenses to Registrar-Transfer Agent and other    administrative expenses		141,921				.5110
Balance available for distribution	$	370,727			$	1.3350
Distribution per Unit*			$	1.3350

* Based on the 277,712 Trust Units outstanding.

Three Months Ended September 30, 2023				Per Unit*		Twelve Months Ended September 30, 2024				Per Unit		Twelve Months Ended September 30, 2023				Per Unit
$	1,313,969					$	3,964,991					$	3,621,671
	385,575						1,420,825						1,294,716
	459,244						1,211,258						1,117,714
	1,843						1,619						5,265
	846,662						2,633,702						2,417,695
$	467,307					$	1,331,289					$	1,203,976
$	467,307			$	1.6827	$	1,331,289			$	4.7938	$	1,203,976			$	4.3353
	71,498				.2574		494,660				1.7812		336,163				1.2105
$	395,809			$	1.4253	$	836,629			$	3.0126	$	867,813			$	3.1248
		$	1.4253					$	3.0126					$	3.1248