Curated News
By: NewsRamp Editorial Staff
May 07, 2024
Copper Property CTL Trust Reports $7.68M Monthly Distribution for April 2024
TLDR
- Certificate holders of Copper Property CTL Pass Through Trust will receive a total distribution of $7.68 million on May 10, 2024.
- Copper Property CTL Pass Through Trust has filed a Form 8-K with its monthly report for the period ended April 30, 2024.
- Copper Property CTL Pass Through Trust's objective is to sell the acquired properties to third-party purchasers as promptly as practicable.
- Copper Property CTL Pass Through Trust has acquired 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
The monthly report from the Copper Property CTL Pass Through Trust provides valuable insights into the trust's financial performance and distribution to certificateholders. Investors and stakeholders can use this information to assess the trust's operations and make informed decisions about their investments. The forward-looking statements also highlight the potential risks and uncertainties that could impact the trust's future performance.
Summary
The Copper Property CTL Pass Through Trust has reported a monthly distribution of $7.68 million, with a payment of $0.102447 per trust certificate to be made on May 10, 2024. The Trust was established to acquire retail properties and warehouse distribution centers from J.C. Penney and is managed by GLAS Trust Company LLC and an affiliate of Hilco Real Estate LLC. The Trust's forward-looking statements are based on current expectations but are subject to known and unknown risks and uncertainties.
Source Statement
This curated news summary relied on content disributed by News Direct. Read the original source here, Copper Property CTL Trust Reports $7.68M Monthly Distribution for April 2024
