BBVA USA, as Trustee of the San Juan Basin Royalty Trust, declared a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) of $1,724,289.03 or $0.036995 per Unit, based primarily upon production during the month of July 2021, subject to certain adjustments by the owner of the Trust’s subject interests, Hilcorp San Juan L.P. (Hilcorp”), for prior months. The distribution is payable October 15, 2021, to Unit Holders of record as of September 30, 2021.