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Sabine Royalty Trust operates as a passive trust, distributing income from royalty and mineral interests from multiple states.
Sabine Royalty Trust is an express trust governing royalty and mineral interests from properties in Texas, Louisiana, Florida, and other states, arising from a transfer by Sabine Corporation. The Trust primarily gathers and distributes income derived from these royalty properties to its unit holders on a monthly basis, functioning under a trustee system where administrative tasks are carried out by Argent Trust Company following a series of trustee transitions over the years.
The Trust maintains a passive structure wherein it does not engage in active operational decisions regarding the mineral properties but relies on its trustee to manage the collection of income and ensuring compliance with regulatory requirements. With the units listed on the New York Stock Exchange, the Trust provides its unit holders with periodic reports detailing income and expenses, while all major decisions regarding the Trust’s assets are subject to the voting rights of the unit holders. This unique structure enables investors to receive a stream of income without the direct management of operational complexities.
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