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 $0.024535 per unit, payable on September 15, 2023, to unit holders of record on August 31, 2023. This month's distribution increased slightly from the previous month primarily due to a decrease in the pricing of both oil and gas offset by an increase in both oil and gas production on the Texas Royalty Properties for this month. The Waddell Ranch Properties did not contribute to the distribution for the month of June.