secwatch.observer — SEC 8-K summary
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Issuer:     Permianville Royalty Trust (PVL)
CIK:        0001520048
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001104659-23-114754
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permianville Royalty Trust declares $0.07725 special distribution from Permian divestiture proceeds
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- Special cash distribution of $0.077250 per unit payable Nov 22, 2023 to holders of record Nov 16, 2023.
- Distribution represents remaining 50% of Trust's share of net proceeds from sale of Permian Basin properties.
- Total net proceeds allocable to Trust's 80% interest: $5.1M; initial distribution of $2.3M paid Oct 13, 2023.
- Escrow of $250,000 retained for indemnification; any remainder released to Trust within 12 months for further distribution.
- Divestiture approved by unitholders on July 19, 2023; Sponsor COERT Holdings 1 sold the properties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520048/000110465923114754/0001104659-23-114754-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520048/000110465923114754/tm2329885d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-114754

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