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Permian Basin Royalty Trust PBT

Permian Basin Royalty Trust initiates proxy for business combination

DEFN14A filing

Form
DEFN14A
Filed
Importance
Routine
  1. New PBT, affiliate of SoftVest, L.P., seeks approval for business combination.
  2. Trust would terminate, with Unitholders receiving Class A shares of New PBT.
  3. Trust's Waddell Ranch royalty interest converted to 15% cost-free interest.
  4. Business combination includes acquiring 68,000 acres of surface estate and mineral interests.

Written from the DEFN14A on EDGAR. Check the filing before you rely on it.

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