Glenbrook Capital Management Issues Letter to San Juan Royalty Trust Officer Requesting Explanation and Transparency Around Expenses, Capital Expenditures and the Trust's Financial Position
Glenbrook Capital Management, a unitholder of San Juan Royalty Trust (NYSE: TRC) holding more than 724,000 units, issued a letter to the Trust Officer, Argent Trust Company, requesting enhanced unitholder communication and transparency around the Trust's expenses, capital expenditures, financial position, liquidity, and outstanding credit facility.
Why it matters — A major unitholder is publicly pressing TRC's trust officer for greater disclosure of expenses, capital expenditures and finances, which could direct unitholder attention to the Trust's transparency and liquidity.