Shareholders approved the first proposal, Rejected second proposal at the special meeting of Pacific Coast Oil Trust (ROYTL)
Key Summary: On October 11, 2022, Shipyard Capital, Cedar Creek Partners, and Walter C. Keenan (11.4%) requested The Bank of New York Mellon Trust Company to file suit against PCEC, threatening to remove the trustee if it refused. On December 12, 2022, they (12.8%) accused the trustee of not representing unitholders and not suing PCEC for improper asses…