Copper Property CTL Pass Through Trust declares $6.9 million distribution

1 min read     Updated on 06 Jun 2026, 04:27 PM
scanx
Reviewed by
Jubin VScanX News Team
AI Summary

Copper Property CTL Pass Through Trust declared a $6.9 million distribution, or $0.091522 per trust certificate, payable June 10, 2026, to holders of record on June 9, 2026. The disclosure was made in a Form 8-K filing covering the monthly report for the period ended May 31, 2026.

powered bylight_fuzz_icon
42289017

*this image is generated using AI for illustrative purposes only.

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 .

What is the current status of the property disposition strategy and how many of the original 166 assets remain unsold?

Given the distribution amount, what is the estimated remaining capital available for future distributions to certificateholders?

How is the current commercial real estate market impacting the speed at which the Trust can sell the remaining J.C. Penney properties?

like15
dislike