PNC Bank, National Association, as the trustee of the San Juan Basin Royalty Trust declared a monthly cash distribution to the holders (the Unit Holders) of its units of beneficial interest (the Units) of $19,095,065.72 or $0.409688 per Unit, based primarily upon the reported production of the Trust's subject interests (the Subject Interests) during the month of January 2023. The distribution is payable April 14, 2023, to the Unit Holders of record as of March 31, 2023.