Whitebox reports 5.5% Copper Property CTL stake (CPPTL)

Rhea-AI Filing Summary

Whitebox Advisors LLC and Whitebox General Partner LLC report a 5.5% ownership stake in Copper Property CTL Pass Through Trust. They are deemed to beneficially own 4,109,846 Trust Certificates, with shared voting and dispositive power over all of these securities and no sole power.

As of April 15, 2026, they were previously deemed to beneficially own 3,799,922 Trust Certificates, or approximately 5.1% of the class. Percentages are based on 75,000,000 Trust Certificates outstanding as of March 31, 2026 and June 25, 2026. The economic benefits from these holdings are for clients of Whitebox, who have rights to dividends and sale proceeds.

Key Figures

Current beneficial ownership: 4,109,846 Trust Certificates Current ownership percentage: 5.5% Prior beneficial ownership: 3,799,922 Trust Certificates +2 more

5 metrics

Current beneficial ownership 4,109,846 Trust Certificates Deemed beneficially owned by Whitebox Advisors LLC and Whitebox General Partner LLC as of the reporting date

Current ownership percentage 5.5% Percent of Copper Property CTL Pass Through Trust Certificates outstanding deemed beneficially owned

Prior beneficial ownership 3,799,922 Trust Certificates Deemed beneficially owned as of April 15, 2026

Prior ownership percentage 5.1% Approximate percent of class deemed beneficially owned as of April 15, 2026

Shares outstanding baseline 75,000,000 Trust Certificates Outstanding as of March 31, 2026 and June 25, 2026, used to calculate ownership percentages

Key Terms

beneficial owner, shared voting power, shared dispositive power, Schedule 13G, +1 more

5 terms

beneficial owner financial

"each of WA and WGP was deemed to be the beneficial owner of 3,799,922 Trust Certificates"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

shared voting power financial

"Shared Voting Power 4,109,846.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 4,109,846.00"

Schedule 13G regulatory

"Percents of class were calculated based on 75,000,000 Trust Certificates outstanding"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Trust Certificates financial

"Title of class of securities: Trust Certificates, no par value"

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Available on EDGAR 07/10/2026 - 04:46 PM Accepted by SEC EDGAR 07/10/2026 - 04:46 PM Learn about SEC filing dates

FAQ

What stake in Copper Property CTL Pass Through Trust (CPPTL) does Whitebox report?

Whitebox Advisors LLC and Whitebox General Partner LLC report beneficial ownership of 4,109,846 Trust Certificates, representing approximately 5.5% of the outstanding class, based on 75,000,000 Trust Certificates outstanding as of late June 2026.

How did Whitebox’s ownership in CPPTL change from April 2026?

As of April 15, 2026, Whitebox was deemed to own 3,799,922 Trust Certificates (about 5.1% of the class). By the current reporting date, this increased to 4,109,846 certificates, or 5.5% of the outstanding Trust Certificates.

Who has voting and dispositive power over CPPTL securities held by Whitebox?

Whitebox Advisors LLC and Whitebox General Partner LLC report shared voting power and shared dispositive power over 4,109,846 Trust Certificates, and no sole voting or dispositive power over any Trust Certificates.

On whose behalf does Whitebox hold CPPTL Trust Certificates?

The Trust Certificates are held for clients of Whitebox Advisors LLC. These clients have the right to receive or direct the receipt of dividends and proceeds from any sale of the Trust Certificates deemed beneficially owned by the reporting persons.

What is the total number of CPPTL Trust Certificates outstanding used to calculate Whitebox’s percentage?

The reported ownership percentages are calculated using 75,000,000 Trust Certificates outstanding, as reported by Copper Property CTL Pass Through Trust as of March 31, 2026 and June 25, 2026 in its SEC filings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Copper Property CTL Pass Through Trust

(Name of Issuer)

Trust Certificates, no par value

(Title of Class of Securities)

217519107

(CUSIP Number)

04/15/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 217519107

1

Names of Reporting Persons

WHITEBOX ADVISORS LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,109,846.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,109,846.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,109,846.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 217519107

1

Names of Reporting Persons

WHITEBOX GENERAL PARTNER LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,109,846.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,109,846.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,109,846.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.5 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Copper Property CTL Pass Through Trust
(b)	Address of issuer's principal executive offices: 3 Second Street, Suite 206, Jersey City, NJ 07311-4056
Item 2.
(a)	Name of person filing: This statement is filed by: (i) Whitebox Advisors LLC, a Delaware limited liability company ("WA"); and (ii) Whitebox General Partner LLC, a Delaware limited liability company ("WGP" and, together with WA, the "Reporting Persons").
(b)	Address or principal business office or, if none, residence: The address of the business office of WA and WGP is: 3033 Excelsior Boulevard Suite 500 Minneapolis, MN 55416
(c)	Citizenship: WA and WGP are organized under the laws of the State of Delaware.
(d)	Title of class of securities: Trust Certificates, no par value
(e)	CUSIP Number(s): 217519107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: As of April 15, 2026, each of WA and WGP was deemed to be the beneficial owner of 3,799,922 Trust Certificates, no par value ("Trust Certificates"), as a result of WA's clients' ownership of 3,799,922 Trust Certificates. As of the date hereof, each of WA and WGP is deemed to be the beneficial owner of 4,109,846 Trust Certificates, as a result of WA's clients' ownership of 4,109,846 Trust Certificates.
(b)	Percent of class: As of April 15, 2026, each of WA and WGP was deemed to beneficially own approximately 5.1% of the Trust Certificates outstanding. As of the date hereof, each of WA and WGP is deemed to beneficially own approximately 5.5% of the Trust Certificates outstanding. Percents of class were calculated based on 75,000,000 Trust Certificates outstanding as of March 31, 2026, and June 25, 2026, as reported in the Issuer's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2026, and the Issuer's information statement on Schedule 14C filed with the Securities and Exchange Commission on July 9, 2026, respectively.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: WA and WGP: 0
	(ii) Shared power to vote or to direct the vote: WA and WGP: 4,109,846
	(iii) Sole power to dispose or to direct the disposition of: WA and WGP: 0
	(iv) Shared power to dispose or to direct the disposition of: WA and WGP: 4,109,846
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. WA's clients are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Trust Certificates covered by this Statement that may be deemed to be beneficially owned by the Reporting Persons.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

WHITEBOX ADVISORS LLC

Signature:	/s/ Lisa Conrad
Name/Title:	Lisa Conrad, General Counsel & Chief Compliance Officer
Date:	07/10/2026

WHITEBOX GENERAL PARTNER LLC

Signature:	/s/ Lisa Conrad
Name/Title:	Lisa Conrad, Authorized Signatory
Date:	07/10/2026

Exhibit Information

Exhibit A - Joint Filing Agreement, dated July 10, 2026, by and among the Reporting Persons