Permian Basin Royalty Trust (PBT)Announces May Cash Distribution

U.S. Trust, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT), today declared a cash distribution to the holders of its units of beneficial interest of $.050173 per unit,
payable on June 12, 2009, to unit holders of record on May 29, 2009.

This month's distribution increased due primarily to higher oil prices and increased production due to market demand. This would primarily reflect production for the month of March.

The worldwide market conditions continue to affect the pricing for domestic production. It is difficult to predict what effect these conditions will have on future distributions.

Disclosure I am long PBT shares in my Oil and Gas folio.