Copper Property CTL Trust Publishes Q1-2024 Financials and Store Performance
TL;DR
Accessing the Q1-2024 financial statements of Penney Intermediate Holdings LLC can provide valuable insights for strategic investment decisions.
The Trust filed a Form 8-K with consolidated financial statements and performance disclosures, accessible via its website and SEC filings.
By making financial information publicly accessible, the Trust promotes transparency and informed decision-making for potential investors and stakeholders.
The Trust's objective to sell properties and its tax treatment as a liquidating trust offer unique insights into real estate investment strategies.
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Copper Property CTL Pass Through Trust ("the Trust") has released its Form 8-K filing, which contains the Q1-2024 consolidated financial statements for Penney Intermediate Holdings LLC. The statements cover the financial periods ending May 4, 2024, and April 29, 2023, and include related Master Lease store performance disclosures.
Interested parties can access additional information, including the Trust's monthly and quarterly reports and other filings with the Securities and Exchange Commission ("SEC"), via the Trust's website at www.ctltrust.net.
The Trust, established to acquire 160 retail properties and 6 warehouse distribution centers from J.C. Penney as part of its Chapter 11 reorganization plan, focuses on owning, leasing, and selling these properties. The primary objective is to sell the properties to third-party purchasers as promptly as practicable. GLAS Trust Company LLC serves as the Trustee, while the Trust is externally managed by an affiliate of Hilco Real Estate LLC. For tax purposes, the Trust is intended to be treated as a liquidating trust under United States Treasury Regulation Section 301.7701-4(d). More details can be found at https://www.ctltrust.net/.
It is important to note that this news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements, which are not historical facts, include terms like "anticipate," "believe," "could," "expect," "plan," and similar expressions. The Trust's forward-looking statements are based on current expectations, assumptions, estimates, and projections. Although the Trust believes these to be reasonable, such statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Trust's control. Factors such as those discussed in the Trust's Registration Statement on Form 10, filed with the SEC and available at www.sec.gov, may cause actual results to differ materially from those expressed or implied by these forward-looking statements. The Trust undertakes no obligation to publicly update or revise any forward-looking statement, except as required by law.
For further details, the source version of this release can be viewed on newsdirect.com at https://newsdirect.com/news/copper-property-ctl-pass-through-trust-releases-q1-2024-penney-intermediate-holdings-llc-financial-statements-and-master-lease-store-performance-disclosures-984482706.
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