Curated News
By: NewsRamp Editorial Staff
April 05, 2024
Copper Property CTL Trust Issues Monthly Report and Q4 2023 Master Lease JCP Store Performance Disclosures
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Discuss on SubstackTLDR
- Certificateholders will receive an aggregate distribution of $23.60 million on April 10, 2024, from Copper Property CTL Pass Through Trust.
- The Trust has filed a Form 8-K containing its monthly report for the period ended March 31, 2024 and Q4 2023 Master Lease JCP store performance disclosures.
- Copper Property CTL Pass Through Trust aims to sell the acquired properties to third-party purchasers as promptly as practicable, making the real estate market more accessible.
- The Trust was established to acquire 160 retail properties and 6 warehouse distribution centers, playing a significant role in the real estate industry.
Impact - Why it Matters
The filing of the monthly report and Q4 2023 performance disclosures by Copper Property CTL Pass Through Trust will provide valuable financial information to certificateholders and potential investors. The Trust’s objective to sell the acquired properties to third-party purchasers as promptly as practicable is a key focus, and the disclosed distribution amount also holds significance for stakeholders and interested parties. The Trust’s forward-looking statement and the cautionary note about risks and uncertainties in the news release also offer important insights for those following the Trust’s financial performance.
Summary
Copper Property CTL Pass Through Trust has filed its monthly report for the period ended March 31, 2024 and Q4 2023 Master Lease JCP store performance disclosures, with an aggregate total distribution of $23.60 million to be paid to certificateholders of record as of April 9, 2024. More information, including the Trust’s Monthly and Quarterly Reports, can be accessed via the Trust’s website at www.ctltrust.net. The Trust was established to acquire retail properties and warehouse distribution centers from J.C. Penney as part of its Chapter 11 plan of reorganization.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Copper Property CTL Trust Issues Monthly Report and Q4 2023 Master Lease JCP Store Performance Disclosures
