Attached files
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8-K - FORM 8-K - LL&E ROYALTY TRUST | h84134e8vk.htm |
Exhibit 99.1
LL&E-ROYALTY TRUST
LL&E ROYALTY TRUST LL&E ROYALTY TRUST ANNOUNCES DEVELOPMENT REGARDING AUGUST 12, 2011 SPECIAL
MEETING OF UNITHOLDERS
LL&E ROYALTY TRUST
The Bank of New York Mellon Trust Company, N.A. Trustee | NEWS RELEASE |
FOR IMMEDIATE RELEASE
AUSTIN, Texas, August 10, 2011LL&E Royalty Trust (Pink Sheets:LRTR.pk News) announced
that Premier Bank & Trust, National Association, has informed The Bank of New York Mellon Trust
Company, N.A. (the Trustee) that Premier is no longer willing to serve as successor trustee of
LL&E Royalty Trust (the Trust).
At the request of a unitholder holding more than 10% of the Trust units (the Proponent), the
Trustee has called a meeting of unitholders to vote on a proposal made by the Proponent to remove
The Bank of New York Mellon Trust Company, N.A. as Trustee and to appoint Premier Bank & Trust,
National Association, as successor trustee. The meeting is scheduled for August 12, 2011. The
meeting will be held as scheduled in accordance with the Trust Agreement governing the Trust.
On July 22, 2011 the Trust mailed definitive proxy materials relating to the meeting to
unitholders and filed definitive copies with the Securities and Exchange Commission. Unitholders
should read the proxy statement because it contains important information. Investors can get the
proxy statement, and any other relevant documents, for free at the Commissions web site at
http://www.sec.gov. The proxy statement includes information about the Proponent.
This press release is not a request for a proxy, or a request to execute or not to execute, or
to revoke, a proxy.
This press release contains statements that are forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All
statements contained in this press release, other than statements of historical
facts, are forward-looking statements for purposes of these provisions. These
forward-looking statements include all statements included in this press release
regarding the Special Meeting.
An investment in Units issued by LL&E Royalty Trust is subject to the
risks described in the Trusts Annual Report on Form 10-K for the year ended
December 31, 2008, and all of its other filings with the Securities and Exchange
Commission, including the Form 12b-25 filed by the Trust with the Commission on
April 1, 2011. The Trusts annual, quarterly and other filed reports are
available over the Internet at the SECs web site at http://www.sec.gov.
Contact: | LL&E ROYALTY TRUST The Bank of New York Mellon Trust Company, N.A., as Trustee Mike Ulrich (800) 852-1422 www.businesswire.com/cnn/lrt.htm |