Curated News
By: NewsRamp Editorial Staff
November 07, 2024
Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for October 2024
TLDR
- Investors will receive an aggregate total distribution of $25.1 million on November 12, 2024, from Copper Property CTL Pass Through Trust.
- Copper Property CTL Pass Through Trust filed a Form 8-K for the period ended October 31, 2024, detailing the distribution to certificateholders.
- The Trust's objective is to sell the Properties to third-party purchasers as promptly as practicable, contributing to the economy and business opportunities.
- Copper Property CTL Pass Through Trust was established to acquire 160 retail properties and 6 warehouse distribution centers from J.C. Penney as part of its Chapter 11 plan of reorganization.
Impact - Why it Matters
This news matters as it provides important financial information about the Trust's monthly report, including the total distribution to certificateholders and the Trust's objective of selling properties to third-party purchasers. The forward-looking statement included in the news release also informs readers about potential risks and uncertainties affecting the Trust's future performance and achievements.
Summary
Copper Property CTL Pass Through Trust has filed a Form 8-K containing its monthly report for the period ended October 31, 2024. An aggregate total distribution of $25.1 million or $0.334576 per trust certificate will be paid on November 12, 2024, to certificateholders of record as of November 8, 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 at www.ctltrust.net.
About Copper Property CTL Pass Through Trust Copper Property CTL Pass Through Trust (the “Trust”) was established to acquire 160 retail properties and 6 warehouse distribution centers (the “Properties”) 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 Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust 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). For more information, please visit https://www.ctltrust.net/.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for October 2024