The Copper Property CTL Pass Through Trust has announced its monthly distribution of $7.3 million, or $0.097712 per trust certificate, to be paid on March 10, 2025, to certificateholders of record as of March 7, 2025.
Established as part of J.C. Penney's Chapter 11 reorganization, the Trust currently owns 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. Its monthly reporting provides transparency into the ongoing process of managing and divesting the acquired real estate portfolio.
Investors and market observers can access additional details through the Trust's monthly and quarterly reports filed with the Securities and Exchange Commission, which provide insights into the Trust's progress in liquidating its property holdings.
