Curated News
By: NewsRamp Editorial Staff
July 08, 2024
Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for June 2024
TLDR
- Copper Property CTL Pass Through Trust will pay an aggregate total distribution of $20.95 million to certificateholders on July 10, 2024.
- The Trust's objective is to sell 160 retail properties and 6 warehouse distribution centers acquired from J.C. Penney as part of its Chapter 11 plan of reorganization.
- The Trust's operations consist solely of owning, leasing and selling the Properties, aiming to sell them to third-party purchasers as promptly as practicable.
- The Trustee of the trust is GLAS Trust Company LLC and the Trust is externally managed by an affiliate of Hilco Real Estate LLC.
Impact - Why it Matters
This news matters because it provides information on the Trust’s monthly report and distribution, giving insight into its financial performance and operations. Investors and certificateholders can access the Trust’s website for further details and stay informed about the Trust’s future prospects.
Summary
Copper Property CTL Pass Through Trust has filed a Form 8-K containing its monthly report for the period ended June 30, 2024. An aggregate total distribution of $20.95 million or $0.279359 per trust certificate will be paid on July 10, 2024, to certificateholders of record as of July 9, 2024. Additional information, including the Trust’s Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission, can be accessed via the Trust’s website.
Copper Property CTL Pass Through Trust was established to acquire retail properties and warehouse distribution centers from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust’s operations consist solely of owning, leasing and selling the Properties. The Trust’s objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trust is externally managed by an affiliate of Hilco Real Estate LLC and is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d).
The news release contains certain “forward-looking statements” and includes contact details for Investor Relations and the Company Website. The source version of the news release can be viewed on newsdirect.com.
Source Statement
This curated news summary relied on content disributed by News Direct. Read the original source here, Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for June 2024
