Copper Property CTL Pass Through Trust Announces Binding Purchase and Sale Agreement for Sale of Portfolio (Form 8-K)

Copper Property CTL Pass Through Trust Announces Binding Purchase and Sale Agreement for Sale of Portfolio

Jersey City, New Jersey - Copper Property CTL Pass Through Trust (the "Trust") announced today that on July 23, 2025 it entered into an amendment that made its Purchase and Sale Agreement with an affiliate of Onyx Partners, Ltd. of Boston, MA (the "Buyer") binding (the "Agreement") for the sale of a portfolio consisting of the Trust's 119 properties (the "Properties"). The aggregate purchase price for the Properties is $947 million in an all-cash transaction, subject to customary closing adjustments and prorations. The Properties are subject to a long-term triple-net master lease with Penney Intermediate Holdings LLC or affiliates thereof. The Buyer has now completed its due diligence, and its deposit under the Agreement is non-refundable.

The transaction is scheduled to close on or before September 8, 2025, subject to customary real estate closing conditions. The Trust intends to distribute the net proceeds to Certificateholders in accordance with the terms of the Trust Agreement following the consummation of the sale. The Agreement provides certain limited termination rights on a property-by-property basis in connection with purchase rights in favor of ground lessors or purchase rights pursuant to reciprocal easement agreements, certain title defects, casualty events, or condemnation proceedings. Due to the various conditions to closing, the Trust cannot make any assurances that the disposition of the Properties is certain.

The Trust will host a live conference call on Monday, July 28, 2025, at 12:00 pm Eastern Time. Members of the Trust's management team will discuss the announcement, and the conference call will include a question and answer (Q&A) session.

Conference Call Details:

DATE: Monday, July 28, 2025

TIME: 11:00 am CDT | 12:00 pm EDT

DIAL-IN: U.S. & Canada Toll Free: (877) 841-2983 or International (215) 268-9893

WEBCAST: www.ctltrust.net via the Investor Relations Section or click here to access

REPLAY (Available for 30 days):

U.S. & Canada Toll Free: (877) 660-6853 / International: (201) 612-7415

Conference ID#: 13755230

Telephone Replays will be made available approximately 3 hours after the conference end time. Participants will be required to state their name and company upon accessing the replay.

Additional information, including the Trust's Monthly and Quarterly Reports, as well as other filings with the 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/.