---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-089363"
form_type: "8-K"
ticker: "PVL"
cik: "0001520048"
company_name: "Permianville Royalty Trust"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T22:00:10.885727+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Permianville Royalty Trust closes sale of Permian assets; special distribution planned

## Summary
- Sponsor COERT Holdings 1 sold Permian Basin properties for ~$6.5M gross proceeds.
- Trust released its 80% net profits interest on divested properties, approved by unitholders July 19.
- Special distribution of 50% of Trust's net proceeds to be paid on or before Sep 22, 2023.
- Remaining 50% held for post-closing adjustments; final amounts to follow within 90 days.
- $250K escrow held for indemnification; any remainder released to Trust within 12 months.

## SEC filing metadata
- accession: 0001104659-23-089363
- form_type: 8-K
- ticker: PVL
- cik: 0001520048
- company_name: Permianville Royalty Trust
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1520048/000110465923089363/0001104659-23-089363-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1520048/000110465923089363/tm2323214d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-089363
- JSON: https://secwatch.observer/filing/0001104659-23-089363.json
- Plain text: https://secwatch.observer/filing/0001104659-23-089363.txt

## Key facts
- Material Agreements
  Permianville Royalty Trust terminated Partial Release, Reconveyance and Termination Agreement with COERT Holdings 1, LLC (effective 2023-08-09).
  - Action: termination
  - Counterparty: COERT Holdings 1, LLC
  - Effective: 2023-08-09
  source text: ̈ Item 1.01 Entry into a Material Definitive Agreement On August 9, 2023, COERT Holdings 1, LLC (the “Sponsor”) and The Bank of New York Mellon Trust Company, N.A., a national association organized under the laws of the State
  evidence_url: https://www.sec.gov/Archives/edgar/data/1520048/000110465923089363/0001104659-23-089363-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.