Business Context and Reporting Period
This Form 8-K Current Report was filed by Permianville Royalty Trust on September 20, 2023. The Trust, incorporated in Delaware and traded on the New York Stock Exchange under the symbol PVL, is managed by The Bank of New York Mellon Trust Company, N.A., as Trustee. The report primarily addresses a special cash distribution event.
Key Financial Metrics
The filing does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The primary financial disclosure is the announcement of a special cash distribution to unitholders.
- Special Distribution Date: October 13, 2023
- Source of Funds: Net proceeds from the divestiture of properties in the Permian Basin by COERT Holdings 1, LLC.
Material Changes
The material change reported is the receipt of net proceeds from a property divestiture by COERT Holdings 1, LLC, which triggers a special cash distribution. No comparative financial data or changes in operating metrics versus prior periods are included in this specific filing.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard disclosure that the attached press release is furnished but not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. The document serves strictly to disclose the distribution event under Regulation FD.
Investor Verification Checklist
- Verify the exact per-unit amount of the special cash distribution in the attached press release (Exhibit 99.1), as the 8-K text does not state the figure.
- Confirm the record date for the distribution to ensure eligibility for the October 13, 2023 payment.
- Review the details of the COERT Holdings 1, LLC property divestiture to understand the nature of the assets sold.
- Check subsequent filings for the actual payment confirmation and any tax implications of the special distribution.