Copper Property CTL Pass Through Trust filings document the formal reports used to disclose activity for its trust certificate structure and real estate portfolio. The record centers on Form 8-K reports furnished under Regulation FD and Other Events, with exhibits containing monthly reporting packages, press releases and distribution notices.
These filings cover monthly certificate distribution detail, cash sources and uses, Master Lease store performance disclosures, property ownership data, consolidated financial statements for Penney Intermediate Holdings LLC, and estimated federal income tax information for Trust earnings.
Copper Property CTL Pass Through Trust Schedule 13G reports that Owl Creek Asset Management, L.P. and Jeffrey A. Altman jointly disclose beneficial ownership of 4,432,185 Trust Certificates, representing 5.9% of the class based on 75,000,000 Trust Certificates outstanding as of 03/31/2026.
The filing lists shared voting and dispositive power over the 4,432,185 certificates and states that OCRE Holdings LLC has the right to receive proceeds or dividends for more than 5% of the reported certificates. The statements are made by Owl Creek and Mr. Altman and signed on 05/15/2026.
Copper Property CTL Pass Through Trust released its April 2026 monthly report and confirmed a cash distribution of $0.086440 per trust certificate, totaling $6,483,005.39, payable on May 11, 2026 to holders of record as of May 8, 2026.
For April, the Trust generated $8.29 million in cash from operations and incurred $1.78 million in operating uses, resulting in $6,513,137.12 of net cash from operations. Sales and capital activity reduced cash by $30,131.73, producing net cash available for distribution of $6.48 million.
The trailing 12-month total distributions were $109.2 million, and inception-to-date distributions reached $1.53 billion. The retail portfolio comprised 117 properties with 15,472,339 square feet and current lease year rent of $98,530,647.00, illustrating the income base supporting ongoing payouts.
Copper Property CTL Pass Through Trust notified certificateholders that Majority Certificateholders approved Amendment No. 5 to the Trust Agreement by written consent, extending the Trust termination date by 60 days from April 30, 2026 to June 29, 2026. The Information Statement was first mailed on or about May 4, 2026 to holders of record as of April 22, 2026. No meeting or proxy is requested; the amendment becomes effective 20 days after mailing. The Trust reports 75,000,000 Trust Certificates outstanding as of the Record Date and discloses principal certificateholders and their holdings and percentages. The full text of Amendment No. 5 is included as Annex A.
Copper Property CTL Pass Through Trust is informing certificateholders that Majority Certificateholders approved Amendment No. 5 to the Trust Agreement to extend the Trust's termination date by 60 days, from April 30, 2026 to June 29, 2026. The amendment was approved by written consent on or about April 22, 2026 and will become effective 20 calendar days after this Information Statement is first mailed or delivered to certificateholders of record as of the Record Date of April 22, 2026. The Trust reports 75,000,000 Trust Certificates outstanding as of the Record Date. Major holders identified include H/2 Capital Partners (29,266,536; 39.02%), Silver Point Capital, L.P. (9,664,039; 12.89%), entities affiliated with Sixth Street (7,353,908; 9.81%), and Sculptor Capital LP (4,579,917; 6.11%). No dissenters’ appraisal rights are provided. The full text of Amendment No. 5 is included as Annex A.
Copper Property CTL Pass Through Trust filed an 8-K to share Q4 2025 Master Lease JCP store performance data and attached a detailed store reporting package and press release. The portfolio covers 117 properties totaling 15.47 million square feet.
For fiscal Q4 2025, tenant sales averaged $23 per square foot, with tenant four-wall EBITDAR of $46.7 million and an EBITDAR-to-rent coverage ratio of 1.5x. On a trailing 12‑month basis, sales were $73 per square foot, EBITDAR was $156.0 million, and coverage was 1.2x.
Master lease comparable store sales declined 4.9% in fiscal Q4 2025 and 2.6% for the trailing 12 months, but liquid assets remained in covenant compliance and tangible net worth was reported at $1,773 million. The Trust reiterates that its operations focus on owning, leasing and selling the JCP properties.
Copper Property CTL Pass Through Trust reported its March 2026 monthly results and declared a new cash distribution. The Trust will pay an aggregate total distribution of about $6.1 million, or $0.081082 per trust certificate, on April 10, 2026 to holders of record as of April 9, 2026.
For March, net cash provided by operations was $6,206,953.14, while sales and capital activity reduced cash by $125,799.00, resulting in net cash available for distribution of $6,081,154.14. The report also shows trailing 12‑month total distributions of $109,858,636.85 and inception‑to‑date distributions of $1,519,162,087.82, highlighting the ongoing liquidation and monetization of the Trust’s real estate portfolio.
Copper Property CTL Pass Through Trust reports 2025 net income attributable to Certificateholders of $47,015, down from $73,778 in 2024, as it continues liquidating former J.C. Penney real estate.
The Trust sold four retail properties for net proceeds of $32,265, recording a gain of $4,273, and paid Certificateholder distributions of $128,339 or $1.71 per certificate, versus $153,712 or $2.05 in 2024.
A portfolio sale agreement for all remaining retail properties at a price of $947,000 was signed and then terminated on December 26, 2025, leading to $6,389 of deal costs in general and administrative expenses and recognition of a $2,000 non‑refundable deposit as other income.
Impairment charges on investment properties rose to $12,954 in 2025 from $2,081 in 2024, while NOI declined to $83,265 from $89,975. As of December 31, 2025, the Trust held 117 retail properties totaling 15.5 million square feet, all leased to Penney Intermediate Holdings LLC under a master lease, and its term is scheduled to end on April 30, 2026 unless extended.
Copper Property CTL Pass Through Trust released its monthly report for the period ended February 28, 2026 and declared a new cash distribution. The Trust will pay an aggregate total distribution of $6.2 million, or $0.082844 per trust certificate, on March 10, 2026 to holders of record as of March 9, 2026.
For February 2026, net cash provided by operations was $6.47 million, while sales and capital activity reduced cash by $0.26 million, resulting in $6.21 million of net cash available for distribution. No new property sales or retail leasing activity occurred during the month, and cumulative distributions since inception total $1.51 billion.
Silver Point Capital, L.P., together with Edward A. Mule and Robert J. O'Shea, reports beneficial ownership of 9,664,039 Copper Property CTL Pass Through Trust certificates, representing 12.9% of the class. The percentage is based on 75,000,000 trust certificates outstanding as of September 30, 2025. The securities are held through Silver Point-managed funds, with shared voting and dispositive power and no sole voting or dispositive authority reported. The reporting group certifies that the position is not held for the purpose of changing or influencing control of the issuer.