PNC Bank, National Association, as the trustee of the San Juan Basin Royalty Trust declared a monthly cash distribution to the holders (the ?Unit Holders?) of its units of beneficial interest (the ?Units?) of $758,308.20 or $0.016270 per Unit, based primarily upon the reported production of the Trust?s subject interests (the ?Subject Interests?) during the month of November 2023. The distribution is payable February 14, 2024, to the Unit Holders of record as of January 31, 2024.