PERMIAN BASIN ROYALTY TRUST ANNOUNCES RECORD DATE AND MEETING DATE FOR SPECIAL MEETING TO CONSIDER SOFTVEST PROPOSALS

The trustee of Permian Basin Royalty Trust announced a special meeting of unitholders on November 23, 2026 (record date October 13, 2026) to vote on SoftVest-driven proposals to amend the Trust Indenture and effect a business combination into PBT Land and Minerals, Inc. SoftVest and affiliated holders collectively own more than 15% of outstanding units; the S-4 with the proxy statement/prospectus was declared effective October 23, 2026, and a New PBT Form S-1 also registers a rights offering.

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