The Copper Property CTL Pass Through Trust has disclosed a significant distribution of $27.6 million to its certificateholders, as per its May 2025 monthly report. This payment, calculated at $0.367978 per trust certificate, is set for June 10, 2025, targeting those recorded as certificateholders by the preceding day. Originating from assets acquired during J.C. Penney's Chapter 11 reorganization, the Trust is focused on the expedient sale of 160 retail properties and 6 warehouse distribution centers. With Hilco Real Estate LLC's affiliate managing operations and GLAS Trust Company LLC acting as Trustee, the Trust adheres to United States Treasury Regulation Section 301.7701-4(d) for tax purposes, striving for recognition as a liquidating trust.
Further information regarding the Trust's activities, including detailed Monthly and Quarterly Reports, is accessible via its official website or the Securities and Exchange Commission's filings. This update not only reflects the Trust's dedication to transparency but also its strategic emphasis on liquidating assets to maximize returns for certificateholders. The announcement also includes forward-looking statements, advising of potential risks and uncertainties that could influence the Trust's future performance and the achievement of its goals. These projections, based on current expectations, are susceptible to various factors that may result in outcomes diverging from those forecasted.
