Black Stone Minerals, L.P. 2024-2025 Proxy Voting Records

Description as filed by funds: DIRECTOR: ALEXANDER D. STUART

Black Stone Minerals, L.P.’s own tally for this item (“Elect Director: Alexander D. Stuart......................................................”): 105,413,586 for, 1,878,297 withheld, per its Form 8-K filed June 18, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “2 Proposal 1 – Election of Directors Each of the ten nominees for director was duly elected by the Partnership's unitholders, with votes as follows:”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 19 asset managers below reported 2,292,455 for, 58,579 abstained.

Description as filed by funds: DIRECTOR: ASHLEY J. LONGMAID

Black Stone Minerals, L.P.’s own tally for this item (“Elect Director: Ashley J. Longmaid......................................................”): 106,261,388 for, 1,030,495 withheld, per its Form 8-K filed June 18, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “2 Proposal 1 – Election of Directors Each of the ten nominees for director was duly elected by the Partnership's unitholders, with votes as follows:”
Support: 99.0% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 19 asset managers below reported 2,351,034 for.

Description as filed by funds: DIRECTOR: CARIN M. BARTH

Black Stone Minerals, L.P.’s own tally for this item (“Elect Director: Carin M. Barth.............................................................”): 106,277,458 for, 1,014,425 withheld, per its Form 8-K filed June 18, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “2 Proposal 1 – Election of Directors Each of the ten nominees for director was duly elected by the Partnership's unitholders, with votes as follows:”
Support: 99.0% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 19 asset managers below reported 2,351,034 for.

Description as filed by funds: Election of directors to the board of directors of Black Stone Minerals, L.P.'s general partner, each to serve until the 2026 annual meeting of limited partners and thereafter until such director's successor shall have been duly elected and qualified, or until such director's earlier death, resignation or removal: D. Mark DeWalch

Black Stone Minerals, L.P.’s own tally for this item (“Elect Director: D. Mark DeWalch........................................................”): 99,408,871 for, 7,883,012 withheld, per its Form 8-K filed June 18, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “2 Proposal 1 – Election of Directors Each of the ten nominees for director was duly elected by the Partnership's unitholders, with votes as follows:”
Support: 93% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 19 asset managers below reported 604,882 for, 1,677,393 withheld, 68,759 abstained.

Description as filed by funds: DIRECTOR: JAMES W. WHITEHEAD

Black Stone Minerals, L.P.’s own tally for this item (“Elect Director: James W. Whitehead.....................................................”): 105,629,389 for, 1,662,494 withheld, per its Form 8-K filed June 18, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “2 Proposal 1 – Election of Directors Each of the ten nominees for director was duly elected by the Partnership's unitholders, with votes as follows:”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 19 asset managers below reported 2,351,034 for.

Description as filed by funds: DIRECTOR: JERRY V. KYLE, JR.

Black Stone Minerals, L.P.’s own tally for this item (“Elect Director: Jerry V. Kyle, Jr...........................................................”): 105,475,388 for, 1,816,495 withheld, per its Form 8-K filed June 18, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “2 Proposal 1 – Election of Directors Each of the ten nominees for director was duly elected by the Partnership's unitholders, with votes as follows:”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 19 asset managers below reported 2,292,455 for, 58,579 abstained.

Description as filed by funds: DIRECTOR: MICHAEL C. LINN

Black Stone Minerals, L.P.’s own tally for this item (“Elect Director: Michael C. Linn...........................................................”): 105,456,247 for, 1,835,636 withheld, per its Form 8-K filed June 18, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “2 Proposal 1 – Election of Directors Each of the ten nominees for director was duly elected by the Partnership's unitholders, with votes as follows:”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 19 asset managers below reported 2,292,455 for, 58,579 abstained.

Description as filed by funds: DIRECTOR: THOMAS L. CARTER, JR.

Black Stone Minerals, L.P.’s own tally for this item (“Elect Director: Thomas L. Carter, Jr.....................................................”): 105,986,370 for, 1,305,513 withheld, per its Form 8-K filed June 18, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “2 Proposal 1 – Election of Directors Each of the ten nominees for director was duly elected by the Partnership's unitholders, with votes as follows:”
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 19 asset managers below reported 2,292,455 for, 58,579 abstained.

Description as filed by funds: DIRECTOR: WILLIAM E. RANDALL

Black Stone Minerals, L.P.’s own tally for this item (“Elect Director: William E. Randall.......................................................”): 106,149,874 for, 1,142,009 withheld, per its Form 8-K filed June 18, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “2 Proposal 1 – Election of Directors Each of the ten nominees for director was duly elected by the Partnership's unitholders, with votes as follows:”
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 19 asset managers below reported 2,351,034 for.

Description as filed by funds: DIRECTOR: WILLIAM N. MATHIS

Black Stone Minerals, L.P.’s own tally for this item (“Elect Director: William N. Mathis........................................................”): 104,908,266 for, 2,383,617 withheld, per its Form 8-K filed June 18, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “2 Proposal 1 – Election of Directors Each of the ten nominees for director was duly elected by the Partnership's unitholders, with votes as follows:”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 19 asset managers below reported 2,292,455 for, 58,579 abstained.

Description as filed by funds: APPROVAL OF THE ADOPTION OF THE BLACK STONE MINERALS, L.P. 2025 LONG-TERM INCENTIVE PLAN.

Black Stone Minerals, L.P.’s own tally for this item (“4. Approval of the Adoption of the Black Stone Minerals, L.P”): 103,074,995 for, 3,462,534 against — passed, per its Form 8-K filed June 18, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal 4 – Approval of the Adoption of the Black Stone Minerals, L.P. 2025 Long-Term Incentive Plan The 2025 LTIP was approved by the Partnership's unitholders, with votes as follows:”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports, all 19 managers: 2,327,739 for.

Institutional-manager reports, all 3 managers: 1,075,454 for.

Description as filed by funds: APPROVAL ON A NON-BINDING ADVISORY BASIS, OF THE COMPENSATION OF THE EXECUTIVE OFFICERS OF BLACK STONE MINERALS, L.P.'S GENERAL PARTNER FOR THE YEAR ENDED DECEMBER 31, 2024.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports, all 17 managers: 2,193,471 for.

Institutional-manager reports, all 112 managers: 7,815,029 for, 3,275 against, 73,900 withheld, 147,852 abstained. Showing the 25 largest; see all in the interactive database.

Description as filed by funds: 14A Executive Compensation

Black Stone Minerals, L.P.’s own tally for this item (“3. Approval, on a Non-binding Advisory Basis, of the Compensation of the General Partner's Named Executive Officers The compensation of the General Partner's named executive officers for the fiscal year ended December 31”): 103,253,552 for, 2,980,654 against — passed, per its Form 8-K filed June 18, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal 3 – Approval, on a Non-binding Advisory Basis, of the Compensation of the General Partner's Named Executive Officers The compensation of the General Partner's named executive officers for the fiscal year ended December 31, 2024 was approved, on a non-binding advisory basis, by the Partners…”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of Black Stone Minerals, L.P.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “SAY ON PAY” (2 managers, 578,049 for).

The 10 asset managers below reported 6,568,993 for, 2,891 against, 31,735 abstained, 2,000 unknown.

Description as filed by funds: RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS BLACK STONE MINERALS, L.P.'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2025.

Black Stone Minerals, L.P.’s own tally for this item (“2. Ratification of Appointment of the Partnership's Independent Registered Public Accounting Firm The appointment of Deloitte & Touche LLP as the Partnership's independent registered public accounting firm for the year e”): 161,285,736 for, 769,443 against — passed, per its Form 8-K filed June 18, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal 2 – Ratification of Appointment of the Partnership's Independent Registered Public Accounting Firm The appointment of Deloitte & Touche LLP as the Partnership's independent registered public accounting firm for the year ending December 31, 2025 was ratified by the Partnership's unitholders…”
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 20 asset managers below reported 2,328,054 for.