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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 
 FORM 10-Q
 þ
    
    Quarterly Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934For the Quarterly Period ended March 31, 2011
 o
    
    Transition Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934For the transition period from  to
 Commission file number 1-8033
 PERMIAN BASIN ROYALTY TRUST
 (Exact Name of Registrant as Specified in the Permian Basin Royalty Trust Indenture)
 Texas
(State or Other Jurisdiction of 
Incorporation or Organization)
    
    75-6280532
(I.R.S. Employer Identification No.)
 
 
 þ o
 o o
  Large
accelerated filer þ
    

Accelerated filer o
    

Non-accelerated filer o(Do not check if a smaller reporting company)
    

Smaller reporting company o
 o þ




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TABLE OF CONTENTS  PART I  FINANCIAL INFORMATIONItem 1. Financial StatementsItem 2. Trustees Discussion and AnalysisItem 3. Qualitative and Quantitative Disclosures About Market RiskItem 4. Controls and ProceduresPART II  OTHER INFORMATIONSIGNATURESINDEX TO EXHIBITSEX-31.1EX-32.1    Table of Contents  PERMIAN BASIN ROYALTY TRUST
 
 PART I  FINANCIAL INFORMATION
 
 Item 1. Financial Statements
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
        
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##### Table of Contents



PERMIAN BASIN ROYALTY TRUST
 CONDENSED STATEMENTS OF ASSETS, LIABILITIES AND TRUST CORPUS
 March 31,2011
    
    
    December 31,(Unaudited)
    
    
    2010ASSETSCash and short-term investments
    
    $
    6,308,513
    
    
    $
    4,580,923Net overriding royalty interests in
producing oil and gas properties (net of
accumulated amortization of $10,026,609 and
$10,004,009 at March 31, 2011 and December
31, 2010, respectively)
    
    
    948,607
    
    
    
    971,207TOTAL ASSETS
    
    $
    7,257,120
    
    
    $
    5,552,130LIABILITIES AND TRUST CORPUSDistribution payable to Unit holders
    
    $
    6,308,513
    
    
    $
    4,580,923Commitments and contingencies
    
    
    
    
    
    
    Trust corpus  46,608,796 Units of
beneficial interest authorized and
outstanding
    
    
    948,607
    
    
    
    971,207TOTAL LIABILITIES
AND TRUST CORPUS
    
    $
    7,257,120
    
    
    $
    5,552,130
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PERMIAN BASIN ROYALTY TRUST
 CONDENSED STATEMENTS OF DISTRIBUTABLE INCOME (UNAUDITED)
 THREE MONTHS ENDED
    
    
    THREE MONTHS ENDEDNote
    
    
    March 31, 2011
    
    
    March 31, 2010Royalty income
    
    
    
    
    
    $
    16,798,284
    
    
    $
    16,508,736Interest income
    
    
    
    
    
    
    199
    
    
    
    13716,798,483
    
    
    
    16,508,873General and administrative expenditures
    
    
    
    
    
    
    (339,518
    )
    
    
    (403,797
    )Distributable income
    
    
    
    
    
    $
    16,458,965
    
    
    $
    16,105,076Distributable income per Unit
(46,608,796 Units)
    
    
    
    
    
    $
    .35
    
    
    $
    .35
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PERMIAN BASIN ROYALTY TRUST
 CONDENSED STATEMENTS OF CHANGES IN TRUST CORPUS (UNAUDITED)
 THREE MONTHS ENDED
    
    
    THREE MONTHS ENDEDMarch 31, 2011
    
    
    March 31, 2010Trust corpus, beginning of period
    
    $
    971,207
    
    
    $
    1,079,986Amortization of net overriding royalty interests
    
    
    (22,600
    )
    
    
    (26,401
    )Distributable income
    
    
    16,458,965
    
    
    
    16,105,076Distributions declared
    
    
    (16,458,965
    )
    
    
    (16,105,076
    )Total Trust Corpus, end of period
    
    $
    948,607
    
    
    $
    1,053,585Distributions per Unit
    
    $
    .35
    
    
    $
    .35
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PERMIAN BASIN ROYALTY TRUST
 NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)
 1. BASIS OF ACCOUNTING
 The Permian Basin Royalty Trust (Trust) was established as of November 1, 1980. The net
overriding royalties conveyed to the Trust include: (1) a 75% net overriding royalty carved
out of Southland Royalty Companys fee mineral interests in the Waddell Ranch in Crane
County, Texas (the Waddell Ranch properties); and (2) a 95% net overriding royalty carved
out of Southland Royalty Companys major producing royalty interests in Texas (the Texas
Royalty properties). The net overriding royalty for the Texas Royalty properties is
subject to the provisions of the lease agreements under which such royalties were created.
The financial statements of the Trust are prepared on the following basis:
 
    
    Royalty income recorded for a month is the amount computed and paid to Bank of
America, N.A. (Trustee) as Trustee for the Trust by the interest owners: Burlington
Resources Oil & Gas Company LP (BROG), a subsidiary of ConocoPhillips for the Waddell
Ranch properties and Riverhill Energy Corporation (Riverhill Energy), formerly a
wholly owned subsidiary of Riverhill Capital Corporation (Riverhill Capital) and
formerly an affiliate of Coastal Management Corporation (CMC), for the Texas Royalty
properties. Schlumberger Technology Corporation (STC) currently conducts all field,
technical and accounting operations on behalf of BROG with regard to the Waddell Ranch
properties. Riverhill Energy currently conducts the accounting operations for the
Texas Royalty properties. Royalty income consists of the amounts received by the
owners of the interest burdened by the net overriding royalty interests (Royalties)
from the sale of production less accrued production costs, development and drilling
costs, applicable taxes, operating charges, and other costs and deductions multiplied
by 75% in the case of the Waddell Ranch properties and 95% in the case of the Texas
Royalty properties.
 As was previously reported, in February 1997, BROG sold its interest in the Texas
Royalty properties to Riverhill Energy.
 The Trustee has been advised that in the first quarter of 1998, STC acquired all of
the shares of stock of Riverhill Capital. Prior to such acquisition by STC, CMC and
Riverhill Energy were wholly-owned subsidiaries of Riverhill Capital. The Trustee
has further been advised that in connection with STCs acquisition of Riverhill
Capital, the
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shareholders of Riverhill Capital acquired ownership of all of the shares of stock
of Riverhill Energy. Thus, the ownership in the Texas Royalty properties referenced
above remained in Riverhill Energy, the stock ownership of which was acquired by the
former shareholders of Riverhill Capital.In 2007 the Bank of America private wealth management group officially became known
as U.S. Trust, Bank of America Private Wealth Management. The legal entity that
serves as Trustee of the Trust did not change, and references in this Form 10-Q to
U.S. Trust, Bank of America Private Wealth Management shall describe the legal
entity Bank of America, N.A.
    
    Trust expenses recorded are based on liabilities paid and cash reserves established
out of cash received or borrowed funds for liabilities and contingencies.
    
    Distributions to Unit holders are recorded when declared by the Trustee.
    
    Royalty income is computed separately for each of the conveyances under which the
Royalties were conveyed to the Trust. If monthly costs exceed revenues for any
conveyance (excess costs), such excess costs cannot reduce royalty income from other
conveyances, but is carried forward with accrued interest to be recovered from future
net proceeds of that conveyance.
 The financial statements of the Trust differ from financial statements prepared in
accordance with accounting principles generally accepted in the United States of America
(GAAP) because revenues are not accrued in the month of production and certain cash
reserves may be established for contingencies which would not be accrued in financial
statements prepared in accordance with GAAP. Amortization of the Royalties calculated on a
unit-of-production basis is charged directly to trust corpus. This comprehensive basis of
accounting other than GAAP corresponds to the accounting permitted for royalty trusts by the
U.S. Securities and Exchange Commission as specified by Staff Accounting Bulletin Topic
12:E, Financial Statements of Royalty Trusts.
 Use of Estimates
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2. FEDERAL INCOME TAXES
 For federal income tax purposes, the Trust constitutes a fixed investment trust which is
taxed as a grantor trust. A grantor trust is not subject to tax at the trust level. The
Unit holders are considered to own the Trusts income and principal as though no trust were
in existence. The income of the Trust is deemed to have been received or accrued by each
Unit holder at the time such income is received or accrued by the Trust and not when
distributed by the Trust.
 The Royalties constitute economic interests in oil and gas properties for federal income
tax purposes. Unit holders must report their share of the revenues from the Royalties as
ordinary income from oil and gas royalties and are entitled to claim depletion with respect
to such income.
 The Trust has on file technical advice memoranda confirming the tax treatment described
above.
 The classification of the Trusts income for purposes of the passive loss rules may be
important to a Unit holder. Royalty income generally is treated as portfolio income and
does not offset passive losses.
 Some Trust Units are held by middlemen, as such term is broadly defined in U.S. Treasury
Regulations (and includes custodians, nominees, certain joint owners, and brokers holding an
interest for a custodian in street name, collectively referred to herein as middlemen).
Therefore, the Trustee considers the Trust to be a non-mortgage widely held fixed investment
trust (WHFIT) for U.S. federal income tax purposes. U.S. Trust, Bank of America Private
Wealth Management, EIN: 56-0906609, 901 Main Street, 17th Floor, Dallas, Texas 75202,
telephone number (214) 209-2400, is the representative of the Trust that will provide tax
information in accordance with applicable U.S. Treasury Regulations governing the
information reporting requirements of the Trust as a WHFIT. Tax information is also posted
by the Trustee at www.pbt-permianbasintrust.com. Notwithstanding the foregoing, the
middlemen holding Trust Units on behalf of Unit holders, and not the Trustee of the Trust,
are solely responsible for complying with the information reporting requirements under the
U.S. Treasury Regulations with respect to such Trust Units, including the issuance of IRS
Forms 1099 and certain written tax statements. Unit holders whose Trust Units are held by
middlemen should consult with such middlemen regarding the information that will be reported
to them by the middlemen with respect to the Trust Units.Unit holders should consult their tax advisors regarding Trust tax compliance matters.
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3. STATE TAX CONSIDERATIONS
 All revenues from the Trust are from sources within Texas, which has no individual income
tax. However, Texas imposes a franchise tax on generally all entity types providing limited
liability protection at a rate of 1% on gross revenues less certain deductions, as
specifically set forth in the Texas franchise tax statute. Entities subject to tax
generally include trusts unless otherwise exempt. Trusts that receive at least 90% of their
federal gross income from designated passive sources, including royalties from mineral
properties and other non-operated mineral interest income, and do not receive more than 10%
of their income from operating an active trade or business, generally are exempt from the
Texas franchise tax as passive entities. The Trust should be exempt from Texas franchise
tax as a passive entity. Since the Trust should be exempt from Texas franchise tax at the
Trust level as a passive entity, each Unit holder that is considered a taxable entity under
the Texas franchise tax will generally be required to include its portion of Trust revenues
in its own Texas franchise tax computation. This revenue is sourced to Texas under
provisions of the Texas Administrative Code that provide such income is sourced according to
the principal place of business of the Trust, which is Texas.
 Each Unit holder is urged to consult his own tax advisor regarding the requirements for filing
state tax returns.
 4. SUBSEQUENT EVENTS
 Subsequent to March 31, 2011, the Trust declared a distribution on April 19, 2011 of
$.103695 per Unit payable on May 13, 2011 to Unit holders of record on April 29, 2011.
 5. CONTINGENCIES
 Contingencies related to the Underlying Properties that are unfavorably resolved would
generally be reflected by the Trust as reductions to future royalty income payments to the
Trust with corresponding reductions to cash distributions to Unit holders.
 On May 2, 2011, ConocoPhillips, as the parent company of BROG, the operator of the Waddell Ranch
properties, notified the Trustee that as a result of inaccuracies in ConocoPhillips accounting and
record keeping relating to the Trusts interest in proceeds from the gas plant production since
January 2007, ConocoPhillips overpaid the Trust approximately $5.9 million. ConocoPhillips
informed the Trustee that it intends to recoup the overpayment through adjustments to future
distributions over the next year, in a manner not yet determined, beginning with the July 2011 distribution to the Trust.
Additionally, ConocoPhillips informed the Trustee that beginning with
the July 2011
distribution, proceeds to the Trust relating to the gas plant production will be adjusted to
reflect ConocoPhillips calculation of the corrected interest.
 The Trustee is in the process of evaluating the claim and at this time cannot determine the likely
outcome of this matter.
  
 Item 2. Trustees Discussion and Analysis
 Forward Looking Information
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Three Months Ended March 31, 2011 Compared to Three Months Ended March 31, 2010
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First Quarter2011
    
    
    2010Production:Oil sales (Bbls)
    
    
    154,021
    
    
    
    164,086Gas sales (Mcf)
    
    
    661,874
    
    
    
    729,090Product Sales From Which The Royalties Were
Carved:Oil:Total oil sales (Bbls)
    
    
    261,091
    
    
    
    262,710Average per day (Bbls)
    
    
    2,838
    
    
    
    2,856Average price per Bbl
    
    $
    83.00
    
    
    $
    72.16Gas:Total gas sales (Mcf)
    
    
    1,309,959
    
    
    
    1,329,681Average per day (Mcf)
    
    
    14,239
    
    
    
    14,453Average price per Mcf
    
    $
    7.07
    
    
    $
    7.31
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Calculation of Royalty Income
  THREE MONTHS ENDED MARCH 31,2011
    
    
    2010WADDELL
    
    
    TEXAS
    
    
    WADDELL
    
    
    TEXASRANCH
    
    
    ROYALTY
    
    
    RANCH
    
    
    ROYALTYPROPERTIES
    
    
    PROPERTIES
    
    
    PROPERTIES
    
    
    PROPERTIESGross proceeds of sales from
the Underlying PropertiesOil proceeds
    
    $
    15,057,891
    
    
    $
    6,613,696
    
    
    $
    13,250,472
    
    
    $
    5,706,374Gas proceeds
    
    
    8,162,922
    
    
    
    1,105,013
    
    
    
    8,616,049
    
    
    
    1,099,472
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THREE MONTHS ENDED MARCH 31,2011
    
    
    2010WADDELL
    
    
    TEXAS
    
    
    WADDELL
    
    
    TEXASRANCH
    
    
    ROYALTY
    
    
    RANCH
    
    
    ROYALTYPROPERTIES
    
    
    PROPERTIES
    
    
    PROPERTIES
    
    
    PROPERTIESTotal
    
    
    23,220,813
    
    
    
    7,718,709
    
    
    
    21,866,521
    
    
    
    6,805,846Less:Severance tax:Oil
    
    
    612,073
    
    
    
    238,538
    
    
    
    534,951
    
    
    
    200,070Gas
    
    
    419,318
    
    
    
    64,624
    
    
    
    461,708
    
    
    
    67,867Other
    
    
    58,884
    
    
    
    
    
    
    
    56,194
    
    
    
    Lease operating expense and
property tax:Oil and gas
    
    
    4,500,224
    
    
    
    688,037
    
    
    
    5,368,900
    
    
    
    520,937Capital expenditures
    
    
    3,754,115
    
    
    
    
    
    
    
    1,054,617
    
    
    
    Total
    
    
    9,344,614
    
    
    
    991,199
    
    
    
    7,476,370
    
    
    
    788,874Net profits
    
    
    13,876,199
    
    
    
    6,727,510
    
    
    
    14,390,151
    
    
    
    6,016,972Net overriding royalty interests
    
    
    75
    %
    
    
    95
    %
    
    
    75
    %
    
    
    95
    %Royalty income
    
    $
    10,407,149
    
    
    $
    6,391,135
    
    
    $
    10,792,613
    
    
    $
    5,716,123
 Critical Accounting Policies and Estimates
  Basis of Accounting
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
    
    Royalty income and interest income are recorded in the period in which amounts are
received by the Trust rather than in the period of production and accrual, respectively.
    
    General and administrative expenses recorded are based on liabilities paid and cash
reserves established out of cash received.
    
    Amortization of the royalty interests is calculated on a unit-of-production basis and
charged directly to trust corpus when revenues are received.
    
    Distributions to Unit holders are recorded when declared by the Trustee (see Note 1 to
the Financial Statements).
  Revenue Recognition
  Reserve Disclosure
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Contingencies
    Use of Estimates
  
 Item 3. Qualitative and Quantitative Disclosures About Market Risk
  
 Item 4. Controls and Procedures
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PART II  OTHER INFORMATION
 Item 1.
  Item 1A. Risk Factors.
 ConocoPhillips claim for overpayment could reduce [or eliminate] distributions in the following year.
  Items 2 through 5.
  Item 6. Exhibits
 4.1
    
    Permian Basin Royalty Trust Indenture dated November 3, 1980,
between Southland Royalty Company (now Burlington Resources Oil & Gas Company
LP) and The First National Bank of Fort Worth (now Bank of America, N.A.), as
Trustee, heretofore filed as Exhibit (4)(a) to the Trusts Annual Report on
Form 10-K to the Securities and Exchange Commission for the fiscal year ended
December 31, 1980 is incorporated herein by reference.4.2
    
    Net Overriding Royalty Conveyance (Permian Basin Royalty Trust)
from Southland Royalty Company (now Burlington Resources Oil & Gas Company LP)
to The First National Bank of Fort Worth (now Bank of America, N.A.), as
Trustee, dated November 3, 1980 (without Schedules), heretofore filed as
Exhibit (4)(b) to the Trusts Annual Report on Form 10-K to the Securities and
Exchange Commission for the fiscal year ended December 31, 1980 is incorporated
herein by reference.4.3
    
    Net Overriding Royalty Conveyance (Permian Basin Royalty Trust
  Waddell Ranch) from Southland Royalty Company (now Burlington Resources Oil &
Gas Company LP) to The First National Bank of Fort Worth (now Bank of America,
N.A.), as Trustee, dated November 3, 1980 (without Schedules), heretofore filed
as Exhibit (4)(c) to the Trusts Annual Report on Form 10-K to the Securities
and Exchange Commission for the fiscal year ended December 31, 1980 is
incorporated herein by reference.10.1
    
    Registration Rights Agreement dated as of July 21, 2004 by and
between Burlington Resources, Inc. and Bank of America, N.A., as trustee of
Permian Basin Royalty Trust, heretofore filed as Exhibit 10.1 to the Trusts
Quarterly Report on Form 10-Q to the Securities and Exchange Commission for the
quarterly period ended June 30, 2004 is incorporated herein by reference.10.2
    
    Underwriting Agreement dated December 15, 2005 among the
Permian Basin Royalty Trust, Burlington Resources, Inc., Burlington Resources
Oil & Gas L.P.
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and Lehman Brothers Inc. and Wachovia Capital Markets, LLC as
representatives of the several underwriters, heretofore filed as Exhibit
10.1 to the Trusts current report on Form 8-K to the Securities and
Exchange Commission filed on December 19, 2005, is incorporated herein by
reference.10.3
    
    Underwriting Agreement dated August 2, 2005 among the Permian
Basin Royalty Trust, Burlington Resources, Inc., Burlington Resources Oil & Gas
L.P. and Goldman Sachs & Co. and Lehman Brothers Inc. as representatives of the
several underwriters, heretofore filed as Exhibit 10.1 to the Trusts current
report on Form 8-K to the Securities and Exchange Commission filed on August 8,
2005, is incorporated herein by reference.10.4
    
    Underwriting Agreement dated August 17, 2006, among Permian
Basin Royalty Trust, ConocoPhillips, Burlington Resources Oil & Gas Company LP
and Lehman Brothers Inc. and Wachovia Capital Markets, LLC as representatives
of the several underwriters heretofore filed as Exhibit 10.1 to the Trusts
current report on Form 8-K to the Securities and Exchange Commission filed on
August 22, 2006, is incorporated herein by reference.31.1
    
    Certification by Ron E. Hooper, Senior Vice President and Trust
Administrator of Bank of America, Trustee of Permian Basin Royalty Trust, dated
May 9, 2011 and submitted pursuant to Rule 13a-14(a)/15d-14(a) and pursuant
to Section 302 of the Sarbanes-Oxley Act of 2002.32.1
    
    Certificate by Bank of America, Trustee of Permian Basin
Royalty Trust, dated May 9, 2011 and submitted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350).
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SIGNATURES
  BANK OF AMERICA, N.A.,
TRUSTEE FOR THE
PERMIAN BASIN ROYALTY TRUSTBy:
    /s/ RON E. HOOPERRon E. Hooper,Senior Vice President and Trust Administrator
Bank of America, N.A.   19




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INDEX TO EXHIBITS
 ExhibitNumber
    
    Exhibit4.1
    
    Permian Basin Royalty Trust Indenture dated November 3,
1980, between Southland Royalty Company (now Burlington
Resources Oil & Gas Company LP) and The First National Bank
of Fort Worth (now Bank of America, N.A.), as Trustee,
heretofore filed as Exhibit (4)(a) to the Trusts Annual
Report on Form 10-K to the Securities and Exchange
Commission for the fiscal year ended December 31, 1980 is
incorporated herein by reference.*4.2
    
    Net Overriding Royalty Conveyance (Permian Basin Royalty
Trust) from Southland Royalty Company (now Burlington
Resources Oil & Gas Company LP) to The First National Bank
of Fort Worth (now Bank of America, N.A.), as Trustee,
dated November 3, 1980 (without Schedules), heretofore
filed as Exhibit (4)(b) to the Trusts Annual Report on
Form 10-K to the Securities and Exchange Commission for the
fiscal year ended December 31, 1980 is incorporated herein
by reference.*4.3
    
    Net Overriding Royalty Conveyance (Permian Basin Royalty
Trust  Waddell Ranch) from Southland Royalty Company (now
Burlington Resources Oil & Gas Company LP) to The First
National Bank of Fort Worth (now Bank of America, N.A.), as
Trustee, dated November 3, 1980 (without Schedules),
heretofore filed as Exhibit (4)(c) to the Trusts Annual
Report on Form 10-K to the Securities and Exchange
Commission for the fiscal year ended December 31, 1980 is
incorporated herein by reference.*10.1
    
    Registration Rights Agreement dated as of July 21, 2004 by
and between Burlington Resources, Inc. and Bank of America,
N.A., as trustee of Permian Basin Royalty Trust, heretofore
filed as Exhibit 10.1 to the Trusts Quarterly Report on
Form 10-Q to the Securities and Exchange Commission for the
quarterly period ended June 30, 2004 is incorporated herein
by reference.*10.2
    
    Underwriting Agreement dated December 15, 2005 among the
Permian Basin Royalty Trust, Burlington Resources, Inc.,
Burlington Resources Oil & Gas L.P. and Lehman Brothers
Inc. and Wachovia Capital Markets, LLC as representatives
of the several underwriters, heretofore filed as Exhibit
10.1 to the Trusts current report on Form 8-K to the
Securities and Exchange Commission filed on December 19,
2005, is incorporated herein by reference.*
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ExhibitNumber
    
    Exhibit10.3
    
    Underwriting Agreement dated August 2, 2005 among the
Permian Basin Royalty Trust, Burlington Resources, Inc.,
Burlington Resources Oil & Gas L.P. and Goldman Sachs & Co.
and Lehman Brothers Inc. as representatives of the several
underwriters, heretofore filed as Exhibit 10.1 to the
Trusts current report on Form 8-K to the Securities and
Exchange Commission filed on August 8, 2005, is incorporated herein by reference.*10.4
    
    Underwriting Agreement dated August 17, 2006, among Permian
Basin Royalty Trust, ConocoPhillips, Burlington Resources
Oil & Gas Company LP and Lehman Brothers Inc. and Wachovia
Capital Markets, LLC as representatives of the several
underwriters heretofore filed as Exhibit 10.1 to the
Trusts current report on Form 8-K to the Securities and
Exchange Commission filed on August 22, 2006, is
incorporated herein by reference.*31.1
    
    Certification by Ron E. Hooper, Senior Vice President and
Trust Administrator of Bank of America, Trustee of Permian
Basin Royalty Trust, dated May 9, 2011 and submitted
pursuant to Rule 13a-14(a)/15d-14(a) and pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.32.1
    
    Certificate by Bank of America, Trustee of Permian Basin
Royalty Trust, dated May 9, 2011 and submitted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C.
Section 1350).
 
 *
    
    A copy of this Exhibit is available to any Unit holder, at the actual cost of
reproduction, upon written request to the Trustee, U.S. Trust, Bank of America
Private Wealth Management, 901 Main Street, Dallas, Texas 75202. 21