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Stock Symbol: NYSE: SBR
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Sabine Royalty Trust (the “Trust”) is an express trust formed under the laws of
the State of Texas by the Sabine Corporation Royalty Trust Agreement (the “Trust
Agreement”) made and entered into effective as of December 31, 1982, between
Sabine Corporation, as trustor, and InterFirst Bank Dallas, N.A. (“InterFirst”),
as trustee. The current trustee of the Trust is Bank of America, N.A. (as
successor to NationsBank, N.A.) (“Bank of America”). In accordance with the
successor trustee provisions of the Trust Agreement, Bank of America, as trustee
of the Trust (the “Trustee”), is subject to all the terms and conditions of the
Trust Agreement. 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-K to U.S.