Permianville Trust unitholders approve sponsor's sale of Permian Basin properties

Permianville Royalty Trust

Unitholders approved sale of Divestiture Properties by COERT Holdings I; >50% of units voted in favor.
Two proposals to amend trust agreement raising future transaction thresholds failed (needed 75%, not achieved).
Closing expected before August 31, 2023; Trust will release 80% net profits interest on sold properties.
Net proceeds will be distributed to unitholders within 45 days after closing, less expenses and holdback.

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