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PERMIAN BASIN ROY, (PBT) Stock Research Free Stock Rating
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Permian Basin Royalty Trust operates as a trust company, with Bank of America, N.A. as the Trustee, in the United States. The trust holds a 75% net overriding royalty in Southlands fee mineral interest in the Waddell Ranch in Crane County, Texas, as well as a 95% net overriding royalty carved out of Southlands major producing royalty properties in Texas. For Federal income tax purposes, the trust constitutes a fixed investment trust, which is taxed as a grantor trust. As a grantor trust, it is not subject to tax at the trust level. The trust was established in November 1980. The principal office of the trust is located in Dallas, Texas.
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