The Copper Property CTL Pass Through Trust has disclosed its financial activities for January 2025, highlighting a distribution of $6.20 million to its certificateholders. This amount, equating to $0.082711 per trust certificate, is scheduled for payment on February 10, 2025, to those recorded as certificateholders by February 7, 2025. The Trust attributes the lower than usual distribution to the coverage of annual expenses such as insurance and Trustee fees during January, alongside the completion of semi-annual Broker's Opinion of Value assessments.
Originating from J.C. Penney's Chapter 11 reorganization, the Trust holds a significant portfolio comprising 160 retail properties and 6 warehouse distribution centers. Its core mission focuses on the swift sale of these assets to third-party buyers, a strategy underscored by its management under an affiliate of Hilco Real Estate LLC and GLAS Trust Company LLC as Trustee. This setup not only facilitates efficient property management but also aligns with the Trust's tax treatment as a liquidating trust, optimizing the divestment process.
For those seeking deeper insights into the Trust's operations and financial health, comprehensive details are available through monthly and quarterly reports accessible via the CTL Trust website and SEC filings. This transparency ensures stakeholders are well-informed of the Trust's progress towards its liquidation objectives.
