Permianville royalty trust unitholders approve proposal for sponsor to sell properties in the permian basin

Houston--(business wire)--permianville royalty trust (nyse: pvl, the “trust”) today announced that at the special meeting of trust unitholders held on july 19, 2023, unitholders approved a transaction pursuant to which (a) coert holdings i, llc (the “sponsor”), the sponsor of the trust, will sell certain oil and natural gas properties in the permian basin (the “divestiture properties”) that constitute a portion of the properties burdened by the trust's 80% net profits interest, (b) the trust wi.
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