HUGOTON ROYALTY TRUST
c/o Corporate Trustee
Simmons Bank
2911 Turtle
Creek Blvd., Suite 850
Dallas, Texas 75219
[ ], 2022
Dear Unit Holder:
You are cordially invited to
attend a Special Meeting of unit holders (Unit Holders) of the Hugoton Royalty Trust (the Trust) to be held both in-person at Shady Oaks Country Club, 320 Roaring Springs Road, Fort
Worth, Texas 76114 and virtually via webcast at https://web.lumiagm.com/275328708 (password: hugo2023) on [ ], 2023, at [ :
.m.], Central time. Please find enclosed a notice to Unit Holders, a Proxy Statement describing the business to be transacted at the meeting, and a Proxy Card for use in voting.
At the Special Meeting, you will be asked (i) to approve the appointment of Argent Trust Company as successor trustee of the Trust,
(ii) to approve an amendment to the Royalty Trust Indenture of Hugoton Royalty Trust dated December 1, 1998, as amended and restated on March 24, 1999 (the Trust Indenture), that would permit a bank or trust company with
capital, surplus and undivided profits of at least $15,000,000 to serve as successor trustee of the Trust, and (iii) to approve an adjournment of the Special Meeting, if necessary or appropriate, to permit solicitation of additional proxies in
favor of the above proposals.
You can attend the meeting in-person or online, and vote
electronically during the Special Meeting by visiting https://web.lumiagm.com/275328708 (password: hugo2023) at the time of the meeting. Online check-in will begin at
[ : .m.,] Central time, and you should allow approximately 15 minutes for the online check-in procedure. Please have the information on
your Proxy Card available for check-in. Prior to the date of the Special Meeting, you will be able to vote at www.voteproxy.com, and the proxy materials will be available at that site. You may also vote prior
to the date of the meeting by telephone by calling 1-800-PROXIES
(1-800-776-9437) or by completing, signing, dating and returning the enclosed Proxy Card in the enclosed postage paid envelope.
Please consult your Proxy Card for additional information regarding these alternative methods. If your units are held in street name, you should instruct your bank, broker or other nominee to vote your units in accordance with the voting
instruction form that you will receive from your bank, broker or other nominee.
We hope that you will be able to attend the Special
Meeting either in-person or virtually, and we urge you to read the enclosed Proxy Statement before you decide to vote. Even if you do not plan to attend, please complete, sign, date and return the enclosed
Proxy Card or vote online or by telephone as detailed in the prior paragraph as promptly as possible. It is important that your units be represented at the meeting, regardless of the number of units you own. If you have any questions, please
contact D.F. King & Co., Inc. our proxy solicitor, at (800)-249-7120.
|
Very truly yours, |
|
SIMMONS BANK Trustee of the Hugoton Royalty
Trust |
|
Nancy Willis Vice
President |