SAN JUAN BASIN ROYALTY TRUST — Investor Relations & Filings

San Juan Basin Royalty Trust is an express grantor trust established in 1980. The Trust's principal asset is a 75% net overriding royalty interest in the production from specific oil and gas properties located in the San Juan Basin of northwestern New Mexico. The primary function of the Trust, administered by a trustee, is to collect the net proceeds generated from this royalty interest. After deducting administrative expenses and any amounts for cash reserves, the trustee distributes the remaining income to the Trust's unitholders. As a passive entity, the Trust does not engage in any business or commercial activities, nor can it acquire additional properties. Its role is strictly limited to the collection and distribution of income from its fixed asset base.