PERMIAN BASIN ROYALTY TRUST ANNOUNCES JUNE CASH DISTRIBUTION

DALLAS, June 17, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.072743 per unit, payable on July 15, 2024, to unit holders of record on June 28, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the current month, but does include the proceeds from May in the amount of $2,247,045. More information regarding the Waddell Ranch properties is described below.