Permianville Royalty Trust Announces Monthly Cash Distribution

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May 15, 2023

Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.013500 per unit, payable on June 14, 2023 to unitholders of record on May 31, 2023. The net profits interest calculation represents reported oil production for the month of February 2023 and reported natural gas production during January 2023. The calculation includes accrued costs incurred in March 2023.