DALLAS, May 22, 2019 /PRNewswire/ -- SoftVest, L.P.,
Horizon Kinetics LLC and ART-FGT Family Partners, which
collectively beneficially own over 25% of the outstanding shares of
Texas Pacific Land Trust (NYSE: TPL), announced that Eric Oliver was elected trustee of TPL at the
special meeting of shareholders held this morning in Dallas, Texas.
Out of the 7,756,156 shares outstanding on the record date, a
total of 3,660,812 shares voted for the election of Eric Oliver (including shares voted through
Broadridge). We have been advised by Broadridge that a total
of 1,994,267 shares were voted in favor of the election of General
Donald Cook.
Although TPL's representatives present at the meeting noted that
they did not recognize the validity of the special meeting, we hope
and expect, in light of the overwhelming support in favor of the
election of Eric Oliver, that
David Barry and John Norris will welcome Eric Oliver as a fellow trustee and work with
him collaboratively to create value for all shareholders. It
is time to move forward.
We thank all shareholders who came to the special meeting and
travelled from all over the United
States and abroad, including London, Canada, The Bahamas, California, Cincinnati and Boston.
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content:http://www.prnewswire.com/news-releases/investor-group-comments-on-results-of-special-meeting-of-texas-pacific-land-trust-300855388.html
SOURCE SoftVest, L.P., Horizon Kinetics LLC and ART-FGT Family
Partners