San Juan Basin Royalty Trust Confirms Resignation of PNC Bank as Trustee and Appointment of Argent Trust Company as Successor Trustee
San Juan Basin Royalty Trust (SJT)
US:NYSE Investor Relations:
sjbrt.com
Company Research
Source: Business Wire
HOUSTON & DALLAS--(BUSINESS WIRE)--San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT) announced today that the resignation of PNC Bank (“PNC”) as Trustee of the Trust and appointment of Argent Trust Company, a Tennessee chartered trust company (“Argent”) as successor Trustee is effective as of February 15, 2024. At a Special Meeting of the Trust’s Unit Holders held on January 16, 2024, the Unit Holders of the Trust voted to approve two separate proposals amending the Indenture, the governing document of the Trust, and the appointment of Argent as successor Trustee to PNC.PNC assumed the administration of the Trust in 2021 through the acquisition of BBVA USA Bancshares, Inc. PNC’s decision to resign is based on its determination that the administration of royalty trusts, such as the Trust, is not part of its long-term strategy. PNC has appreciated the opportunity to serve as Trustee of the San Juan Basin Royalty Trust over the past two years and will continue to collaborate with
Show less
Read more
Impact Snapshot
Event Time:
SJT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SJT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SJT alerts
High impacting San Juan Basin Royalty Trust news events
Weekly update
A roundup of the hottest topics
SJT
News
- San Juan Basin Royalty Trust Announces April Cash Distribution [Yahoo! Finance]Yahoo! Finance
- San Juan Basin Royalty Trust Announces April Cash DistributionPR Newswire
- There May Be No Monthly Distributions For San Juan Basin Royalty Trust Later This Year [Seeking Alpha]Seeking Alpha
- San Juan Basin Royalty Trust Announces March Cash Distribution [Yahoo! Finance]Yahoo! Finance
- San Juan Basin Royalty Trust Announces March Cash DistributionPR Newswire
SJT
Analyst Actions
- 2/13/24 - TheStreet
SJT
Sec Filings
- 4/19/24 - Form 8-K
- 4/1/24 - Form 10-K
- 3/18/24 - Form 8-K
- SJT's page on the SEC website