Core Viewpoint - FG Nexus announced the approval of a distribution payment of $10 per contingent value right (CVR) to be initiated on September 17, 2025, marking the first cash distribution from the CVR Trust [2][3]. Group 1: Distribution Details - The initial cash distribution from the CVR Trust is the first of potential additional distributions expected over time [3]. - Future distributions may be made in cash or in-kind securities as the CVR Trust works to monetize and distribute proceeds from its asset liquidation [4]. Group 2: CVR Trust Management - The CVR Trust was established by FG Nexus on August 8, 2025, and is managed by a committee that includes D. Kyle Cerminara and Larry G. Swets, focusing on asset liquidation and monetization over the next three years [6]. - The CVR Trust holds various assets, including cash, the net assets of Strong Technical Services, and equity interests in multiple companies [4]. Group 3: CVR Holder Information - Beneficial holders of CVRs will receive distribution payments directly through their bank or broker, while registered holders will receive payments via US mail [5]. - The CVRs are not transferable, will not be certificated, and will not be listed for trading on any exchange [6].

Core Viewpoint - PermRock Royalty Trust announced the completion of the sale of its underlying oil and gas properties from Boaz Energy II, LLC to T2S Permian Acquisition II LLC, marking a significant transition in ownership and operational management of these assets [1][2]. Group 1: Transaction Details - The sale involved the transfer of all rights, title, and interest in the underlying properties from the Grantors (Boaz Energy and its affiliate) to the Buyer, T2S Permian Acquisition II LLC [2]. - Boaz Energy also sold 4,884,861 Trust units representing beneficial interests in the Trust to Ustx LLC, a wholly-owned subsidiary of the Buyer [2]. Group 2: Operational Transition - Boaz Energy plans to assist in the operational transition of the underlying properties to the Buyer, ensuring a smooth transfer of management responsibilities [3]. - Argent Trust Company, acting as the trustee of the Trust, will continue to administer the Trust in the usual manner during this transition [3]. Group 3: Trust Overview - PermRock Royalty Trust is a Delaware statutory trust that owns a net profits interest, allowing it to receive 80% of the net profits from oil and natural gas production from the underlying properties [4].