secwatch.observer — SEC 8-K summary
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Issuer:     PERMIAN BASIN ROYALTY TRUST (PBT)
CIK:        0000319654
Form:       8-K
Filed at:   2025-10-21T23:59:59+00:00
Accession:  0001193125-25-244585
Event type: dividend
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319654/000119312525244585/0001193125-25-244585-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319654/000119312525244585/2025-10_permian_basin_8-.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-244585

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