San Juan Basin Royalty Trust Announces Adjournment of Special Meeting
02 December 2023 - 8:15AM
Business Wire
San Juan Basin Royalty Trust (NYSE: SJT) (the “Trust”) today
announced that the Special Meeting of the Trust’s Unit Holders held
on December 1, 2023, for the purpose of obtaining Unit Holder
approval of the appointment of Argent Trust Company, a Tennessee
chartered trust company (“Argent”), as successor trustee to PNC
Bank, National Association, the trustee of the Trust (the
“Trustee”), together with two additional proposed amendments to the
San Juan Basin Royalty Trust Indenture, was adjourned due to the
lack of the requisite quorum. The Special Meeting has been
adjourned until January 16, 2024 at 10:00 a.m. Central Time, to be
held in person at 2200 Post Oak Blvd., Floor 19, Houston, Texas
77056 and virtually via webcast at
www.virtualshareholdermeeting.com/SJT2023SM.
The record date for Unit Holders entitled to vote at the Special
Meeting remains the close of business on October 2, 2023. The
Trust’s proxy materials, which were previously filed and mailed to
the Unit Holders commencing October 4, 2023 and October 25, 2023,
remain unchanged. Unit Holders who have already voted on the
proposals do not need to take any further action. Unit Holders who
have not yet voted are strongly encouraged to submit their
votes.
Forward-Looking Statements
Any statements in this news release about plans for the Trust,
the expected timing of the completion of the resignation of the
Trustee or appointment of Argent as successor trustee, and other
statements containing the words “estimates,” “believes,”
“anticipates,” “plans,” “expects,” “will,” “may,” “intends” and
similar expressions, other than historical facts, constitute
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks, uncertainties
and other important factors that could cause actual results and the
timing of certain events to differ materially from future results
expressed or implied by such forward-looking statements. Factors or
risks that could cause or contribute to such differences include,
but are not limited to, the inability of the Trustee to resign or
Argent to assume duties as successor trustee due to the failure to
obtain necessary Unit Holder approval or the failure to satisfy
other conditions to the Trustee’s resignation set forth in the
Agreement of Conditional Resignation with Argent and in the
definitive proxy statement.
Actual results may differ materially from those indicated by
such forward-looking statements. In addition, the forward-looking
statements included in this news release represent the Trustee’s
views as of the date hereof. The Trustee anticipates that
subsequent events and developments may cause its views to change.
However, while the Trustee may elect to update these
forward-looking statements at some point in the future, it
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing the Trustee’s views as of any date subsequent to the
date hereof.
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version on businesswire.com: https://www.businesswire.com/news/home/20231201938252/en/
San Juan Basin Royalty Trust PNC Bank, National Association PNC
Asset Management Group 2200 Post Oak Blvd., Floor 18 Houston, TX
77056 website: www.sjbrt.com e-mail: sjt@pnc.com
Ross Durr, RPL, Senior Vice President & Mineral Interest
Director Kaye Wilke, Investor Relations, toll-free: (866)
809-4553
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