Argent Trust Company, as Trustee of the Permian Basin Royalty Trust declared a cash distribution to the holders of its units of beneficial interest of $0.044388 per unit, payable on June 14, 2023, to unit holders of record on May 31, 2023. This month's distribution increased from the previous month primarily due to an increase in the production of both oil and gas on the Waddell Ranch Properties during the month of March.