The Copper Property CTL Pass Through Trust has announced a significant monthly distribution of $7.3 million, equating to $0.097712 per trust certificate, scheduled for payment on March 10, 2025. This distribution is directed towards certificateholders recorded as of March 7, 2025. Originating from J.C. Penney's Chapter 11 reorganization plan, the trust now holds a portfolio of 160 retail properties and 6 warehouse distribution centers, with the primary goal of selling these assets to third-party buyers efficiently.
Managed by an affiliate of Hilco Real Estate LLC and with GLAS Trust Company LLC acting as trustee, the trust is designed to function as a liquidating trust for tax purposes. This structure facilitates a strategic method for property disposition while ensuring investors receive transparent monthly updates. The trust's operations and financial status are detailed in monthly filings, such as the Form 8-K submitted to the Securities and Exchange Commission, offering investors a clear view of its performance.
For those seeking more in-depth information, the trust provides access to monthly and quarterly reports through its website. The trust's forward-looking statements, which outline potential risks and uncertainties, underscore its dedication to transparency and the provision of comprehensive data to certificateholders. This approach aligns with standard financial reporting practices, reinforcing the trust's commitment to its investors.
For additional details on the trust's operations and financial disclosures, visit https://www.copperpropertytrust.com.
