Permianville Royalty Trust Announces Monthly Cash Distribution

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May 16, 2022

Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.032000 per unit, payable on June 14, 2022 to unitholders of record on May 31, 2022. The net profits interest calculation represents reported oil production for the month of February 2022 and reported natural gas production during January 2022. The calculation includes accrued costs incurred in March 2022.