PERMIAN BASIN ROYALTY TRUST ANNOUNCES CHANGE IN TIME OF HEARING ON MAY 8, 2026

PERMIAN BASIN ROYALTY TRUST ANNOUNCES CHANGE IN TIME OF HEARING ON MAY 8, 2026

DALLAS, May 6, 2026 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today announced that SoftVest, L.P. ("SoftVest") has advised the Trustee that the hearing scheduled on May 8,…

Did SoftVest’s Push to Ease Trust Amendments Just Shift Permian Basin Royalty Trust's (PBT) Investment Narrative?

Permian Basin Royalty Trust recently disclosed that a May 8, 2026 court hearing in Fort Worth on unitholder SoftVest’s petition to ease amendment requirements for the Trust’s Indenture was rescheduled to 9:30 a.m. Central Time. The petition’s push to lower the approval threshold from a 75% supermajority to a simple majority could materially reshape how quickly and easily the Trust’s governance can be changed. Next, we’ll examine how this effort …