Copper Property CTL Pass Through Trust Announces $7.3 Million Monthly Distribution
TL;DR
Investors will receive $7.3 million distribution from Copper Property CTL Pass Through Trust, gaining significant financial advantage.
Copper Property CTL Pass Through Trust filed Form 8-K for February 2025, announcing $0.097712 per trust certificate distribution on March 10.
Copper Property CTL Trust aims to sell properties acquired from J.C. Penney, contributing to economic growth and stability in the real estate market.
Copper Property CTL Trust's forward-looking statements provide insights into future plans, stock performance expectations, and potential opportunities for investors.
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The Copper Property CTL Pass Through Trust will distribute $7.3 million to certificateholders on March 10, 2025, representing $0.097712 per trust certificate. The distribution will be paid to certificateholders of record as of March 7, 2025.
The trust, established from J.C. Penney's Chapter 11 reorganization, currently owns 160 retail properties and 6 warehouse distribution centers. Its primary objective remains selling these properties to third-party purchasers as expeditiously as possible.
Managed by an affiliate of Hilco Real Estate LLC and administered by GLAS Trust Company LLC, the trust is structured as a liquidating trust for tax purposes. The monthly distribution reflects ongoing asset management and potential property sales strategies.
Investors and market observers can access additional details through the trust's monthly and quarterly reports filed with the Securities and Exchange Commission. These reports provide transparency into the trust's ongoing liquidation process and financial performance.
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