The Trustees of Texas Pacific Land Trust announced that, in connection with the Trust’s previously announced plan to reorganize the Trust from its current structure to a corporation formed under Delaware law named Texas Pacific Land Corporation (TPL Corporation), the Trust expects to distribute all of the common stock of TPL Corporation to holders of sub-share certificates in certificates of proprietary interest of the Trust (sub-share certificates) on January 11, 2021 (such date, the effective date).