Permian Basin Royalty Trust declares $0.020021/unit October distribution; special meeting called by SoftVest on Dec 16

PERMIAN BASIN ROYALTY TRUST

Cash distribution of $0.020021 per unit, payable Nov 17 to holders of record Oct 31.
Distribution excluded Waddell Ranch due to excess costs; production costs exceeded gross proceeds for August.
Texas Royalty Properties contributed $972,969 to distribution (95% NPI on $1,024,178 net profit).
Special meeting called by SoftVest on Dec 16, 2025 to vote on amending Trust Indenture for easier amendments.
Distribution declined vs prior month due to absence of Blackbeard settlement payment included in prior month.

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