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Name | Symbol | Market | Type |
---|---|---|---|
San Juan Basin Royalty Trust | NYSE:SJT | NYSE | Trust |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.13 | -2.93% | 4.30 | 4.39 | 4.30 | 4.37 | 22,676 | 14:39:32 |
Texas
|
001-08032
|
75-6279898
|
(State or other jurisdiction of
incorporation)
|
(Commission File Number)
|
(IRS Employer
Identification No.)
|
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
Units
|
SJT
|
NYSE
|
Item 5.07 |
Submission of Matters to a Vote of Security Holders
|
(i) |
The Unit Holders approved the appointment of Argent as the successor trustee of the Trust in accordance with the terms set forth in that certain attached Agreement of Conditional Resignation:
|
Votes For
|
Votes Against
|
Votes Abstained
|
Broker Non-Votes
|
21,885,141
|
751,916
|
735,544
|
Not applicable.
|
(ii) |
The Unit Holders approved an amendment to the Indenture that would permit a bank or trust company with capital, surplus and undivided profits (as of the end of its last fiscal year prior to its appointment) of at least $15,000,000 to
serve as successor trustee of the Trust:
|
Votes For
|
Votes Against
|
Votes Abstained
|
Broker Non-Votes
|
21,522,872
|
1,212,252
|
637,477
|
Not applicable.
|
(iii) |
The Unit Holders approved an amendment to the Indenture that would clarify the meaning of “Trustee” in Section 6.02 of the Indenture to include former trustees for indemnification purposes:
|
Votes For
|
Votes Against
|
Votes Abstained
|
Broker Non-Votes
|
21,748,695
|
908,429
|
715,477
|
Not applicable.
|
Item 8.01. |
Other Events.
|
Item 9.01. |
Financial Statements and Exhibits.
|
Exhibit No.
|
Description
|
|
Press Release, dated January 16, 2024
|
PNC BANK, NATIONAL ASSOCIATION,
AS TRUSTEE FOR THE SAN JUAN BASIN ROYALTY TRUST
(Registrant)
|
||
Date: January 16, 2024
|
By:
|
/s/ Ross C. Durr
|
Ross C. Durr, RPL
|
||
Senior Vice President
Mineral Interest Director
|
1 Year San Juan Basin Royalty Chart |
1 Month San Juan Basin Royalty Chart |
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