The Copper Property CTL Pass Through Trust has filed its monthly financial report for February 2025, announcing a total distribution of $7.3 million to its certificateholders. The distribution, calculated at $0.097712 per trust certificate, will be paid on March 10, 2025, to investors of record as of March 7, 2025.
Established as part of J.C. Penney's Chapter 11 reorganization, the trust was created to manage and ultimately liquidate a portfolio of 160 retail properties and 6 warehouse distribution centers. The trust's primary objective remains the prompt sale of these properties to third-party purchasers, operating under a structured liquidation strategy.
Managed externally by an affiliate of Hilco Real Estate LLC and administered by GLAS Trust Company LLC, the trust is structured as a tax-efficient liquidating trust. This designation allows for strategic management of the property portfolio with a clear focus on maximizing value for certificateholders.
Investors and market observers can access detailed financial information through the trust's monthly and quarterly reports filed with the Securities and Exchange Commission. These reports provide transparency into the trust's ongoing operations and liquidation progress.
The trust's forward-looking statements acknowledge potential variability in its performance, recognizing that actual results may differ from initial projections due to various market and economic factors. This cautious approach reflects the complex nature of real estate liquidation and the inherent uncertainties in property sales.
By systematically managing and selling its property portfolio, the Copper Property CTL Pass Through Trust continues to execute its mandate of efficiently winding down its assets while providing periodic distributions to its certificateholders.
