Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for March 2024 and Q4 2023 Master Lease JCP Store Performance Disclosures
–News Direct–
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. An aggregate total distribution of $23.60 million or $0.314653 per trust certificate will be paid on April 10, 2024, to certificateholders of record as of April 9, 2024.
Additional information, including the Trusts Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission (SEC) can be accessed via the Trusts website at www.ctltrust.net.
About Copper Property CTL Pass Through Trust
Copper Property CTL Pass Through Trust (the Trust) was established to acquire 160 retail properties and 6 warehouse distribution centers (the Properties) from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trusts operations consist solely of owning, leasing and selling the Properties. The Trusts objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit https://www.ctltrust.net/.
Forward Looking Statement
This news release contains certain forward-looking statements. All statements other than statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as anticipate, believe, continue, could, estimate, expect, intend, may, might, our vision, plan, potential, preliminary, predict, should, will, or would or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trusts expectations or beliefs concerning future events and stock price performance. 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, many of which are beyond its control. These factors, including those discussed in the Trusts Registration Statement on Form 10 filed with the Securities and Exchange Commission (the SEC), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trusts filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trusts SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
Contact Details
Hilco Global
Jessica Cummins – Investor Relations
+1 847-313-4755
Company Website
https://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-march-2024-and-q4-2023-master-lease-jcp-store-performance-disclosures-253858599
Copper Property CTL Pass Through Trust
COMTEX_450391718/2655/2024-04-05T16:25:48
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