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, announcing a total distribution of $7.77 million. Certificateholders of record as of September 9, 2024, will receive a payment of $0.103632 per trust certificate on September 10, 2024.

The Trust was established to manage and liquidate 160 retail properties and six warehouse distribution centers acquired from J.C. Penney as part of its Chapter 11 reorganization plan. The primary objective of the Trust is to sell these properties to third-party purchasers as promptly as practicable.

The significance of this announcement lies in the Trust's ongoing commitment to its liquidation strategy, which directly impacts the stakeholders involved, including the certificateholders who stand to benefit from the distributions. Furthermore, the Trust's actions reflect broader trends in the retail and commercial real estate sectors, particularly the continued restructuring of properties that were once central to major retail chains like J.C. Penney.

Managed by an affiliate of Hilco Real Estate LLC and overseen by GLAS Trust Company LLC, the Trust operates under the framework of a liquidating trust as defined by United States Treasury Regulation Section 301.7701-4(d). This status has implications for tax purposes and influences how the Trust's activities are reported and assessed by regulatory bodies.

The Trust's monthly and quarterly reports, along with other filings with the Securities and Exchange Commission (SEC), are accessible via the Trust's website at www.ctltrust.net. These documents provide further insights into the Trust's performance and strategic direction, offering transparency to investors and regulatory bodies.

While the Trust's forward-looking statements are based on current expectations and assumptions, they are subject to risks and uncertainties. Factors such as market conditions, regulatory changes, and economic variables can significantly impact the Trust's actual results. For a comprehensive list of these risks, stakeholders are encouraged to review the Trust's filings with the SEC at www.sec.gov.

This distribution marks a critical step in the Trust's ongoing liquidation process, demonstrating its ability to generate and distribute value to its certificateholders. As the Trust continues to manage and sell its portfolio of properties, the outcomes will likely influence future distributions and the overall financial health of the Trust.