Copper Property CTL Pass Through Trust Announces $7.77 Million Distribution for August 2024

Copper Property CTL Pass Through Trust has released its monthly report for the period ending August 31, 2024, revealing a substantial distribution to its certificateholders. The Trust, which was established to manage and sell properties acquired from J.C. Penney's Chapter 11 reorganization, will distribute a total of $7.77 million, equating to $0.103632 per trust certificate.

The distribution is scheduled for September 10, 2024, and will be paid to certificateholders of record as of September 9, 2024. This regular monthly distribution underscores the Trust's ongoing efforts to generate value from its portfolio of 160 retail properties and 6 warehouse distribution centers.

Investors and interested parties can access additional information, including the Trust's Monthly and Quarterly Reports, through the Trust's website at www.ctltrust.net. The Trust has also filed a Form 8-K with the Securities and Exchange Commission (SEC) containing the detailed monthly report.

The primary objective of Copper Property CTL Pass Through Trust is to sell the Properties to third-party purchasers as promptly as practicable. This strategy aligns with the Trust's structure as a liquidating trust, designed to efficiently distribute proceeds from property sales to certificateholders.

GLAS Trust Company LLC serves as the Trustee, while an affiliate of Hilco Real Estate LLC externally manages the Trust's operations. This management structure is intended to optimize the process of owning, leasing, and ultimately selling the portfolio of properties.

For tax purposes, the Trust is structured as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). This classification has important implications for certificateholders and potential investors, as it affects the tax treatment of distributions and gains from the Trust.

The Trust's focus on transparency is evident in its regular reporting and SEC filings. Stakeholders can find comprehensive information about the Trust's activities, financial performance, and progress towards its objectives through these publicly available documents.

As with any investment vehicle, the Trust faces various risks and uncertainties that could impact its performance and the timing of property sales. The Trust acknowledges these potential challenges in its forward-looking statements, cautioning that actual results may differ materially from projections due to known and unknown risks.

The real estate market dynamics, economic conditions, and other factors beyond the Trust's control could influence the pace and value of property dispositions. Investors and certificateholders are encouraged to review the Trust's SEC filings for a more detailed discussion of these risk factors.

As the Trust continues its mission to liquidate the property portfolio acquired from J.C. Penney, monthly distributions like the one announced for August 2024 provide regular updates on its progress. The Trust's performance and strategic decisions will likely continue to be of interest to investors in the retail real estate sector and those following the aftermath of major retail bankruptcies.

For the latest information and to stay informed about the Trust's activities, interested parties can visit https://ctltrust.net/about/default.aspx. The Trust's commitment to regular reporting and transparency ensures that stakeholders have access to timely and relevant information about this unique investment vehicle in the retail real estate landscape.