San Juan Basin Royalty Trust Issues Investor Update (Reg FD Disclosure)

What Happened

• On September 28, 2026, San Juan Basin Royalty Trust (SJT) issued a press release responding to recent inquiries from holders of its units of beneficial interest. The Trust furnished that press release as Exhibit 99.1 to a Form 8-K under Item 7.01 (Regulation FD Disclosure). The Form 8-K was executed by Argent Trust Company, as trustee, signed by Nancy Willis, Director of Royalty Trust Services.

Key Details

• Date of disclosure: September 28, 2026.
• Filing item: 7.01 — Regulation FD Disclosure; the press release is furnished (not filed) under General Instruction B.2 to Form 8-K.
• Exhibit: 99.1 — Press Release dated September 28, 2026.
• Trustee signature: Argent Trust Company signed the report (Nancy Willis).

Why It Matters

• This filing provides additional investor information from the trustee but does not report earnings, revenue, management changes, mergers, or other financial statements. Because the material was furnished under Reg FD and not "filed," it is not subject to Section 18 liability under the Exchange Act. Retail investors should review the attached press release (Exhibit 99.1) for the specific information provided to unit holders.