San Juan Basin Royalty Trust (the Trust) declared a monthly cash distribution to the holders (the Unit Holders) of its units of beneficial interest (the Units) of $475,477.18 or $0.010201 per Unit, based primarily upon the reported production of the Trust?s subject interests (the Subject Interests) during the month of May 2023. The distribution is payable August 14, 2023, to the Unit Holders of record as of July 31, 2023.