Permianville royalty trust announces closing of permian basin divestiture

Houston--(business wire)--permianville royalty trust (nyse: pvl, the “trust”) today announced that coert holdings 1, llc (the “sponsor”) has advised the bank of new york mellon trust company, n.a., as trustee, that the sponsor has completed the divestiture of certain oil and natural gas properties in the permian basin (the “divestiture properties”) that constitute part of the properties burdened by the trust's 80% net profits interest. as previously announced, at a special meeting of the trust.
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