Copper Property CTL Pass Through Trust Finalizes 2024 Tax Documentation

The Copper Property CTL Pass Through Trust has published its final federal income tax information for 2024, replacing previous draft reporting from February 13, 2025. The documentation, now available on the trust's website, covers the tax details for the trust's operations.

Established as part of J.C. Penney's Chapter 11 reorganization, the trust manages 160 retail properties and 6 warehouse distribution centers. Its primary objective is to sell these properties to third-party purchasers as efficiently as possible.

The trust, managed by an affiliate of Hilco Real Estate LLC and administered by GLAS Trust Company LLC, is structured as a liquidating trust for tax purposes. This designation has specific implications for how the trust's financial activities are reported and taxed.

Investors and certificateholders are strongly advised to consult with their personal tax advisors to understand the specific tax treatment of the trust's distributions. The trust explicitly cautions that the provided information should not be construed as direct tax advice.

The release of final tax documentation represents a crucial step in the trust's ongoing process of managing and divesting its real estate portfolio, providing transparency for investors and stakeholders.