Argent Trust Company, as Trustee of the Permian Basin Royalty Trust declared July 2023 cash distribution to the holders of its units of beneficial interest of $0.021749 per unit, payable on August 14, 2023, to unit holders of record on July 31, 2023. This month?s distribution decreased from the previous month primarily due to a decrease in the price of both oil and gas offset by an increase in both oil and gas production on the Waddell Ranch Properties during the month of May.