secwatch.observer — SEC 8-K summary
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Issuer:     Permianville Royalty Trust (PVL)
CIK:        0001520048
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001104659-23-089363
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520048/000110465923089363/0001104659-23-089363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520048/000110465923089363/tm2323214d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-089363

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer