PERMIAN BASIN ROYALTY TRUST ANNOUNCES SEPTEMBER CASH DISTRIBUTION

DALLAS, Sept. 20, 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 $0.050711 per unit, payable on October 15, 2024, to unit holders of record on September 30, 2024. The distribution does not include proceeds from the Waddell Ranch properties for the current month but does include the proceeds from August in the amount of $934,450. More information regarding the Waddell Ranch properties is described below.