The Copper Property CTL Pass Through Trust has officially released its final Federal income tax information for the year 2024, marking a significant update for investors and certificateholders. This release, available on the trust's website, confirms the figures initially presented in a draft report dated February 13, 2025, and now serves as the authoritative record for the trust's 2024 earnings.
Established in the wake of J.C. Penney's Chapter 11 reorganization, the trust is tasked with managing and liquidating a portfolio of 160 retail properties and 6 warehouse distribution centers acquired during the process. The trust's structure as a liquidating entity, managed by an affiliate of Hilco Real Estate LLC with GLAS Trust Company LLC acting as trustee, has specific tax implications that investors need to consider.
Investors are strongly encouraged to review the newly released documentation in detail and seek advice from their personal tax advisors to understand the tax treatment of distributions from the trust. The trust clarifies that the information provided is not intended as direct tax advice but as a resource for financial planning and reporting.
Included in the release is a forward-looking statement that outlines potential risks and uncertainties which could influence the trust's future performance. These factors, which are elaborated in the trust's Registration Statement on Form 10 filed with the Securities and Exchange Commission, underscore the importance of due diligence for investors navigating the complexities of trust investments and tax reporting.
