Copper Property CTL Pass Through Trust Announces $6.9 Million Distribution
The Copper Property CTL Pass Through Trust has declared an aggregate total distribution of $6.9 million, equivalent to $0.091522 per trust certificate, for the period ended May 31, 2026. The distribution will be paid on June 10, 2026, to certificateholders of record as of June 9, 2026. The Trust filed a Form 8-K with the Securities and Exchange Commission (SEC) containing its monthly report for the period.
The Trust was established to acquire 160 retail properties and 6 warehouse distribution centers from J.C. Penney as part of its Chapter 11 plan of reorganization. Its operations consist solely of owning, leasing, and selling the Properties. The Trust's objective is to sell the Properties to third-party purchasers as promptly as practicable.
GLAS Trust Company LLC serves as the Trustee of the Trust, while an affiliate of Hilco Real Estate LLC provides external management. For tax purposes, the Trust is intended to be treated as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d).
Distribution Details
| Distribution Detail | Amount | |---------------------|--------| | Aggregate Total Distribution | $6.9 million | | Per Trust Certificate | $0.091522 | | Record Date | June 9, 2026 | | Payment Date | June 10, 2026 |
Additional information, including the Trust's Monthly and Quarterly Reports as well as other SEC filings, can be accessed via the Trust's website at www.ctltrust.net.
The current commercial real estate market is impacting the speed at which the Trust can sell the remaining J.C. Penney properties. While market conditions can be unpredictable, the Trust is committed to maximizing value for its certificateholders by strategically timing the sale of the Properties. The Trust continues to explore opportunities to optimize the portfolio and enhance returns.
