Curated News
By: NewsRamp Editorial Staff
October 07, 2024
Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for September 2024
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- Certificateholders will receive an aggregate total distribution of $19.6 million or $0.260844 per trust certificate on October 10, 2024.
- The Trust filed a Form 8-K containing its monthly report for the period ended September 30, 2024, and additional information can be accessed via the Trust’s website at www.ctltrust.net.
- The Trust was established to acquire retail properties and warehouse distribution centers, with the objective of selling the Properties to third-party purchasers as promptly as practicable, potentially stimulating economic growth.
- The Trust’s operations consist solely of owning, leasing, and selling the Properties, with the Trustee being GLAS Trust Company LLC and the Trust being externally managed by an affiliate of Hilco Real Estate LLC.
Impact - Why it Matters
This news matters because it provides important financial information about the Trust's distribution and its plans to sell properties acquired from J.C. Penney. The forward-looking statements and associated risks and uncertainties are critical for investors to consider. The impact of the Trust's operations and tax treatment could have far-reaching implications for stakeholders.
Summary
Copper Property CTL Pass Through Trust has filed a Form 8-K containing its monthly report for the period ended September 30, 2024. An aggregate total distribution of $19.6 million or $0.260844 per trust certificate will be paid on October 10, 2024, to certificateholders of record as of October 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 at www.ctltrust.net.
About Copper Property CTL Pass Through Trust
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. The Trust’s objective is to sell the properties to third-party purchasers as promptly as practicable. For more information, please visit https://www.ctltrust.net/.
Forward Looking Statement
This news release contains certain “forward-looking statements”. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at www.sec.gov.
Contact DetailsJessica Cummins - Investor Relations
+1 847-313-4755
Company Websitehttps://ctltrust.net/about/default.aspx
View source version on newsdirect.com: https://newsdirect.com/news/copper-property-ctl-pass-through-trust-issues-monthly-reporting-package-for-september-2024-994532840
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 September 2024
