Copper Property CTL Pass Through Trust Issues Revised 2025 Annual Budget
Jersey City, New Jersey - Copper Property CTL Pass Through Trust ("the Trust") has filed a Form 8-K announcing its Revised 2025 Annual Budget. The aggregate budgeted total expense amount stated in the Trust's Revised 2025 Annual Budget is $15,000,000. This revision is primarily due to unanticipated legal costs.
Additional information, including the Trust's Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission ("SEC") can be accessed via the Trust's website at www.ctltrust.net.
About Copper Property CTL Pass Through Trust
Copper Property CTL Pass Through Trust (the "Trust") was established to acquire 160 retail properties and 6 warehouse distribution centers (the "Properties") from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust's 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. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit https://www.ctltrust.net/.