Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material
10 Juillet 2023 - 10:15PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the
Securities Exchange Act of 1934
Filed by the
Registrant |
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x |
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Filed by a Party other than the Registrant |
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¨ |
Check the appropriate box:
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Preliminary
Proxy Statement |
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Confidential, for Use
of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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Definitive Proxy Statement |
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Definitive Additional Materials |
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Soliciting Material Pursuant
to §240.14a-12 |
PERMIANVILLE
ROYALTY TRUST
(Name of Registrant as Specified in Its Charter)
_________________________________________________________________
(Name of Person(s) Filing Proxy Statement
if other than the Registrant)
Payment of Filing Fee (Check the appropriate
box):
x |
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No fee required. |
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Fee paid
previously with preliminary materials. |
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Fee computed
on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
PERMIANVILLE
ROYALTY TRUST ANNOUNCES PROXY ADVISORY FIRMS INSTITUTIONAL SHAREHOLDER SERVICES INC. AND GLASS, LEWIS & CO. RECOMMEND THAT UNITHOLDERS
VOTE “FOR” ALL PROPOSALS AT the SPECIAL MEETING
HOUSTON — (BUSINESS
WIRE) — July 10, 2023 — Permianville Royalty Trust (NYSE: PVL) (the “Trust”) today announced that proxy advisory
firms Institutional Shareholder Services Inc. and Glass, Lewis & Co. issued reports on July 6, 2023, and July 5, 2023, respectively,
recommending that the Trust’s unitholders vote “FOR” all proposals to be voted upon at the special meeting scheduled
to take place on July 19, 2023.
As previously announced,
the Trust will hold a special meeting for its unitholders to approve the sale of certain oil and natural gas properties (the “Divestiture
Properties”) that constitute a portion of the properties burdened by the Trust’s 80% net profits interest and the release
of the net profits interest with respect to the Divestiture Properties, as well as two proposals to raise certain threshold requirements
for similar, future transactions.
The special meeting
will be held virtually on July 19, 2023 at 10:00 a.m., Central Daylight Time, by live webcast at https://web.lumiagm.com/295009374,
password “permianville2023” (case-sensitive).
COERT Holdings 1 LLC,
the sponsor or the Trust (the “Sponsor”), through its related entities, remains the single largest Trust unitholder at over
20% of the outstanding Trust units. Entities related to the Sponsor intend to vote FOR Proposals 1, 2 and 3.
Time is of the essence
and Trust unitholders are urged to vote online by following the instructions on their proxy card to ensure votes are received in a timely
manner.
QUESTIONS OR REQUESTS
FOR ASSISTANCE WITH VOTING MAY BE DIRECTED TO THE TRUST’S PROXY SOLICITOR:
MORROW SODALI
Call Toll Free: (800)
662-5200 Email: PVL.info@investor.morrowsodali.com
About Permianville
Royalty Trust
Permianville Royalty
Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from
the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana
and New Mexico. As described in the Trust’s filings with the Securities and Exchange Commission (the “SEC”), the amount
of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production
volumes, oil and gas prices, the amount and timing of capital expenditures, and the Trust’s administrative expenses, among other
factors. Future distributions are expected to be made on a monthly basis. For additional information on the Trust, please visit www.permianvilleroyaltytrust.com.
Contact
Permianville Royalty Trust
The Bank of New York Mellon Trust Company,
N.A., as Trustee
601 Travis Street, 16th Floor
Houston, Texas 77002
Sarah Newell, 1 (512) 236-6555
Permianville Royalty (NYSE:PVL)
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