Copper Property CTL Pass Through Trust Announces February 2025 Distribution of $7.3 Million

The Copper Property CTL Pass Through Trust has released its monthly financial reporting package for February 2025, detailing a planned distribution of $7.3 million to its certificateholders. This distribution equates to $0.097712 per trust certificate and is scheduled 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 remains the strategic sale of these properties to third-party purchasers in an expeditious manner. The trust is structured as a liquidating trust for tax purposes, managed externally by an affiliate of Hilco Real Estate LLC and administered by GLAS Trust Company LLC.

The monthly report provides transparency into the trust's ongoing liquidation process, offering investors insight into the progress of property sales and financial distributions. By consistently filing detailed monthly reports with the Securities and Exchange Commission, the trust maintains a commitment to providing clear and regular financial information to its certificateholders.

Investors and stakeholders can access additional details, including monthly and quarterly reports, through the trust's SEC filings. The ongoing reporting and distribution process represents a methodical approach to winding down the trust's assets and returning value to certificateholders from the former J.C. Penney property portfolio.