Copper Property CTL Pass Through Trust has announced a cash distribution for the month of August 2026, along with a revision to its annual budget for the same year. The Trust reported that an aggregate total distribution of $6.1 million, or $0.081790 per trust certificate, will be paid on September 10, 2026. The payment will be made to certificateholders of record as of September 9, 2026.
In addition to the monthly distribution, the Trust filed a revised 2026 Annual Budget. The aggregate budgeted total expense amount for 2026 is now stated at $19,500,000. The Trust attributes this revision primarily to unanticipated legal costs related to litigation.
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 these Properties. The Trustee of the trust is GLAS Trust Company LLC, and the Trust is externally managed by an affiliate of Hilco Real Estate LLC.
