SandRidge Permian Trust Announces Distribution of Net Asset Sale Proceeds in February 2021
Press release content from Business Wire. The AP news staff was not involved in its creation. SandRidge Permian Trust Announces Distribution of Net Asset Sale Proceeds in February 2021 February 1, 2021 GMT HOUSTON--(BUSINESS WIRE)--Feb 1, 2021-- SANDRIDGE PERMIAN TRUST (OTC Pink: PERS) today announced a distribution of approximately $3.9 million, or $0.075 per unit, reflecting the fair value to the Trust, less cash reserves withheld by the Trust as described below, received by the Trust for the portion of the Trust’s Overriding Royalty Interests (“ Royalty Interests ”) required to be re...