Copper Property CTL Trust Confirms 'Emerging Growth Company' Status
Ticker: CPPTL · Form: 8-K · Filed: Jan 5, 2024 · CIK: 1837671
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, emerging-growth-company, disclosure
TL;DR
**Copper Property CTL Trust is an 'emerging growth company,' meaning less SEC paperwork for them, but potentially less info for you.**
AI Summary
Copper Property CTL Pass Through Trust filed an 8-K on January 5, 2024, primarily to disclose that it is an "emerging growth company" as defined by the SEC. This status allows the trust to take advantage of certain reduced reporting requirements, which could impact the transparency and frequency of information available to investors. For shareholders, this means potentially less detailed financial disclosures compared to larger, more established companies, which might affect their ability to fully assess the trust's performance and risks.
Why It Matters
This filing confirms the trust's status as an 'emerging growth company,' which means it can operate with fewer regulatory burdens, potentially saving costs but also providing less frequent or detailed information to investors.
Risk Assessment
Risk Level: medium — The 'emerging growth company' status reduces reporting requirements, which can lead to less transparency for investors, increasing informational risk.
Analyst Insight
Investors should be aware that Copper Property CTL Pass Through Trust's 'emerging growth company' status means they may receive less frequent or detailed financial information, requiring them to conduct more independent due diligence or accept a higher level of informational risk.
Key Players & Entities
- Copper Property CTL Pass Through Trust (company) — the registrant filing the 8-K
- January 5, 2024 (date) — date of earliest event reported and filing date
- New York (company) — state of incorporation for the trust
- 000-56236 (dollar_amount) — Commission File Number
- 85-6822811 (dollar_amount) — IRS Employer Identification No.
- 3 Second Street, Suite 206 Jersey City , NJ 07311-4056 (company) — Principal Executive Offices address
- 201-839-2200 (dollar_amount) — Registrant's telephone number
FAQ
What is the primary purpose of this 8-K filing by Copper Property CTL Pass Through Trust?
The primary purpose of this 8-K filing, dated January 5, 2024, is to disclose that Copper Property CTL Pass Through Trust is an 'emerging growth company' as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934, as indicated by the checked box for 'Emerging growth company'.
What is the registrant's full legal name and its state of incorporation?
The exact name of the registrant as specified in its charter is 'Copper Property CTL Pass Through Trust', and its state of incorporation is New York.
What is the Commission File Number for Copper Property CTL Pass Through Trust?
The Commission File Number for Copper Property CTL Pass Through Trust is 000-56236.
What is the business address and phone number of the registrant?
The business address of the registrant is 3 Second Street, Suite 206, Jersey City, NJ 07311-4056, and its telephone number is (201) 839-2200.
Does the filing indicate if the registrant has elected not to use the extended transition period for complying with new or revised financial accounting standards?
The filing does not explicitly state whether the registrant has elected not to use the extended transition period for complying with new or revised financial accounting standards; it only indicates by a checkmark that it is an 'emerging growth company'.
Filing Stats: 592 words · 2 min read · ~2 pages · Grade level 10 · Accepted 2024-01-05 16:16:45
Filing Documents
- cpt-20240105.htm (8-K) — 30KB
- cptexhibit991dec23.htm (EX-99.1) — 444KB
- cptexhibit992dec23.htm (EX-99.2) — 9KB
- image_91a.jpg (GRAPHIC) — 10KB
- image_9a.jpg (GRAPHIC) — 10KB
- 0001837671-24-000003.txt ( ) — 662KB
- cpt-20240105.xsd (EX-101.SCH) — 2KB
- cpt-20240105_lab.xml (EX-101.LAB) — 22KB
- cpt-20240105_pre.xml (EX-101.PRE) — 11KB
- cpt-20240105_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On January 5, 2024, Copper Property CTL Pass Through Trust (the "Trust") made available on its investor website its monthly report for the period ending December 31, 2023. Such information is available at: www.ctltrust.net . A copy of the monthly report is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference. The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
01. Other Events
Item 8.01. Other Events. On January 5, 2024, the Trust issued a press release announcing that a cash distribution of $.164267 per trust certificate will be paid on January 10, 2024 to certificateholders of record as of January 9, 2024. A copy of the press release is attached as Exhibit 99.2 to this Current Report on Form 8-K and incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Number 99.1 Monthly Report, dated January 5, 2024. 99.2 Press Release, dated January 5, 2024. * 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: January 5, 2024