Permian Basin Royalty Trust: Special Meeting Notice
The Trustee has issued Definitive Additional Materials announcing a Special Meeting of Unit Holders on December 16, 2025, at 1:00 p.m. CT.
The meeting was called by the Trustee at the request of SoftVest Advisors and other holders representing at least 15% of outstanding units.
Key Proposals (from SoftVest Advisors):
- Indenture Reformation Proposal: Non-binding proposal to modify the Trust Indenture to allow amendments to pass by a simple majority of votes cast, rather than requiring current supermajority approval struct