The Copper Property CTL Pass Through Trust has scheduled a live conference call for Tuesday, August 13, 2024, at 12:00 pm Eastern Time. The call will feature members of the Trust’s management team discussing its recent financial and operating results, as detailed in the Trust’s monthly report for the period ended July 31, 2024, and the Form 10-Q for the period ended June 30, 2024. These documents are expected to be filed prior to the call, and the session will include an opportunity for participants to ask questions.
The importance of this announcement lies in the transparency and accountability it offers to stakeholders. By discussing the financial and operational performance publicly, the Trust provides a clear view of its current status and future prospects. This is especially significant given the Trust’s origin and purpose. Established to acquire 160 retail properties and six warehouse distribution centers from J.C. Penney as part of its Chapter 11 reorganization, the Trust's main objective is to sell these properties to third-party purchasers as promptly as possible.
The Trust’s operations, consisting solely of owning, leasing, and selling these properties, are managed externally by an affiliate of Hilco Real Estate LLC. The Trust aims to be treated as a liquidating trust for tax purposes, aligning with United States Treasury Regulation Section 301.7701-4(d). This conference call will therefore be essential for investors and other stakeholders to understand the progress and strategy in achieving this objective.
In addition to the live discussion, the Trust has made it easy for stakeholders to access its financial reports and other filings with the Securities and Exchange Commission (SEC) through its website at www.ctltrust.net. This accessibility underscores the Trust's commitment to transparency and informed decision-making.
For those unable to attend the live call, a replay will be available for 30 days. The replay can be accessed approximately three hours after the conference ends, providing flexibility for stakeholders in different time zones or with scheduling conflicts.
The Trust's decision to host this call and provide detailed reports is a proactive step in ensuring that all interested parties are well-informed about its financial health and operational strategies. This transparency is crucial, especially in light of the Trust's forward-looking statements, which are subject to various risks and uncertainties as detailed in its SEC filings. These filings can be reviewed at www.sec.gov, offering further insights into the factors that may influence the Trust's future performance.
Overall, this conference call represents an important opportunity for stakeholders to gain a comprehensive understanding of the Trust's current status and future direction. By facilitating this level of transparency and engagement, the Copper Property CTL Pass Through Trust reinforces its commitment to maintaining trust and confidence among its investors and partners.
