dividend
confidence high
sentiment neutral
materiality 0.60
Permianville Royalty Trust announces special distribution $0.06967/unit from property divestiture
Permianville Royalty Trust
- Special cash distribution of $0.069670 per unit, payable Oct 13, record Oct 2.
- Net proceeds from Permian Basin divestiture total $6.37M; Trust's 80% share $5.1M.
- 50% of Trust's share distributed now; remaining 50% held for post-closing adjustments, to be distributed later.
- $250K indemnification escrow held up to 12 months; any residual to unitholders.
- Transaction approved at special unitholder meeting July 19, 2023.