Permian Basin Royalty Trust declares $0.021733/unit distribution, reports Waddell Ranch excess costs, litigation update.

PERMIAN BASIN ROYALTY TRUST

November cash distribution of $0.021733 per unit to be paid Dec 13, 2024 to holders of record Nov 29, 2024.
No proceeds from Waddell Ranch for October due to excess costs of $4,987,682 on underlying properties.
Blackbeard refused to provide necessary NPI information; litigation continues with trial set for April 21, 2025.
Trustee amended lawsuit in September 2024 seeking over $25 million in damages related to alleged improper overhead charges.

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