Copper Property Trust sets $6.1M Sept. payout
CPPTL raised its 2026 expense budget to $19.5 million while declaring a $6.1 million September cash distribution to trust certificateholders.
Rhea-AI Filing Summary
Copper Property CTL Pass Through Trust (CPPTL) reported a Revised 2026 Annual Budget with aggregate budgeted total expenses of $19.5 million, driven primarily by legal costs related to litigation. The Trust also announced a cash distribution of $0.081790 per trust certificate, an aggregate of $6.1 million, payable on September 10, 2026 to certificateholders of record on September 9, 2026.
The Trust filed a monthly reporting package for the period ended August 31, 2026. Copper Property CTL Pass Through Trust was formed to own, lease, and sell 160 retail properties and 6 warehouse distribution centers acquired from J.C. Penney under its Chapter 11 plan, with an objective to dispose of these properties as promptly as practicable as a liquidating trust.
Positive
- $6.1 million cash distribution (or $0.081790 per trust certificate) will be paid on September 10, 2026 to certificateholders of record on September 9, 2026, providing ongoing cash returns as the Trust continues its liquidation strategy.
Negative
- The Revised 2026 Annual Budget sets aggregate budgeted total expenses at $19.5 million, driven primarily by legal costs related to litigation, indicating a meaningful increase in expected expense levels for the year.
Filing Explained
Property sales and their proceeds remain forward-looking, while $19.5 million is a planned expense budget rather than a completed cash outflow.
This
The filing labels
Its property-sale language remains forward-looking: the sale, its expected timing, and distribution of proceeds are presented as proposals or expectations, not completed transaction terms. A subsequent filing reporting a completed sale or identifying transaction terms and proceeds would establish the next material state.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Revised 2026 aggregate budgeted total expenses: $19,500,000
Aggregate distribution amount: $6,100,000
Distribution per trust certificate: $0.081790 per trust certificate
+4 more
7 metrics
Revised 2026 aggregate budgeted total expenses
$19,500,000
Total expenses in the Trust’s Revised 2026 Annual Budget
Aggregate distribution amount
$6,100,000
Cash distribution to be paid on September 10, 2026
Distribution per trust certificate
$0.081790 per trust certificate
Cash distribution payable September 10, 2026
Number of retail properties
160 properties
Retail properties acquired from J.C. Penney
Number of warehouse distribution centers
6 properties
Warehouse distribution centers acquired from J.C. Penney
Distribution record date
September 9, 2026
Holders of record on this date receive the cash distribution
Distribution payment date
September 10, 2026
Scheduled payment date for the aggregate $6.1 million distribution
Key Terms
liquidating trust, Chapter 11 plan of reorganization, trust certificate, forward-looking statements, +1 more
5 terms
liquidating trust financial
"The Trust is intended to be treated, for tax purposes, as a liquidating trust"
A liquidating trust is a legal vehicle set up to collect, sell or manage the remaining assets of a company that is winding down and to distribute the proceeds to creditors and other stakeholders. It matters to investors because the trustee controls how quickly assets are converted to cash and how recoveries are divided, so the trust determines the timing and amount of any payouts — think of it like an executor selling a household’s belongings and paying heirs according to a plan.
Chapter 11 plan of reorganization financial
"properties and 6 warehouse distribution centers from J.C. Penney as part of its Chapter 11 plan of reorganization"
trust certificate financial
"A cash distribution of $0.081790 per trust certificate will be paid"
forward-looking statements regulatory
"This news release contains certain “forward-looking statements”. All statements other than statements of historical fact"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What new budget information did CPPTL disclose in this 8-K?
Copper Property CTL Pass Through Trust disclosed a Revised 2026 Annual Budget with aggregate budgeted total expenses of $19,500,000, stating that this revision is primarily due to legal costs related to litigation.
What cash distribution did CPPTL announce and when will it be paid?
The Trust announced an aggregate cash distribution of $6.1 million, equal to $0.081790 per trust certificate, to be paid on September 10, 2026 to certificateholders of record as of September 9, 2026.
What period does the latest CPPTL monthly reporting package cover?
Copper Property CTL Pass Through Trust filed a monthly reporting package for the period ended August 31, 2026, which is available along with other reports via its website and SEC filings.
What is the purpose of Copper Property CTL Pass Through Trust (CPPTL)?
The Trust was established to acquire 160 retail properties and 6 warehouse distribution centers from J.C. Penney under its Chapter 11 plan. Its operations consist of owning, leasing, and selling these properties, with an objective to sell them as promptly as practicable.
How is CPPTL intended to be treated for U.S. tax purposes?
Copper Property CTL Pass Through 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).
Where can investors access CPPTL’s reports and SEC filings?
Investors can access Copper Property CTL Pass Through Trust’s Monthly and Quarterly Reports and other SEC filings through its website at www.ctltrust.net, in addition to the SEC’s website at www.sec.gov.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of Principal Executive Offices) | (Zip Code) | |||||||||||||
(201 ) 839-2200
Registrant’s telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
N/A | N/A | N/A | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
Revised 2026 Annual Budget
The aggregate budgeted total expense amount stated in the Trust’s Revised 2026 Annual Budget is $19,500,000. This revision is primarily due to unanticipated legal costs related to litigation.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference. The press release also announced that a cash distribution of $0.081790 per trust certificate will be paid on September 10, 2026 to certificateholders of record as of September 9, 2026.
Forward Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the proposed sale of properties, the expected timing of the transaction, and the anticipated distribution of proceeds. These statements are based on the Trust’s current expectations, assumptions, estimates, and projections, and involve risks and uncertainties that could cause actual results to differ materially. For more information, please refer to the Trust’s filings with the SEC. The Trust undertakes no obligation to update any forward-looking statements, except as required by law.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
Number
99.1 Press Release, dated September 8, 2026.
*Certain schedules and similar attachments have been omitted. The Company agrees to furnish a supplemental copy of any omitted schedule or attachment to the SEC upon request.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| COPPER PROPERTY CTL PASS THROUGH TRUST | |||||||||||
| By: | /s/ Larry Finger | ||||||||||
Larry Finger | |||||||||||
Principal Financial Officer | |||||||||||
Date: September 8, 2026 | |||||||||||
Exhibit 99.1 | ||
 | ||
FOR IMMEDIATE RELEASE
September 8, 2026
Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for August 2026 and Revised 2026 Annual Budget
Jersey City, New Jersey – Copper Property CTL Pass Through Trust (“the Trust”) has filed a Form 8-K containing its monthly report for the period ended August 31, 2026. An aggregate total distribution of $6.1 million or $0.081790 per trust certificate will be paid on September 10, 2026, to certificateholders of record as of September 9, 2026.
The Trust has also filed a Form 8-K announcing its Revised 2026 Annual Budget. The aggregate budgeted total expense amount stated in the Trust’s Revised 2026 Annual Budget is $19,500,000. This revision is primarily due to legal costs related to litigation.
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/.
Forward Looking Statement
This news release contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust’s expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust’s Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trust’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
CONTACT | ||
Larry Finger | Principal Financial Officer Copper Property CTL Pass Through Trust 310-526-1707 | lfinger@ctltrust.net | Jessica Cummins | Senior Director Copper Property CTL Pass Through Trust 847-313-4755 | jcummins@hilcoglobal.com | ||||