News Hub | News Direct

Real Estate

Commercial Home Building Property Management REIT Real Estate Residential
Article thumbnail News Release

New CEX Raises Nearly $1 Million in Funding Despite Crypto Bear Market

STORM Partners

Project Nexus, a groundbreaking platform poised to revolutionize the world of investment, has successfully raised nearly US $1 million in its funding rounds, defying the challenges of the current crypto bear market. The Nexus token, an integral component of the Project Nexus ecosystem, garnered substantial investor interest, showcasing the market’s confidence in the platform’s potential. Scheduled for an official launch in Q3 2023, the Project Nexus platform will introduce a user-friendly application that enables seamless trading of stocks, cryptocurrencies, and tokenized real estate. By offering these diverse investment options in a single app, Project Nexus aims to simplify the crypto landscape and empower users from all backgrounds to benefit from this extraordinary technology. The public sale of the Nexus Token (XOXO) is open to all and will be live until the 30th of June, 2023. It is currently priced at just $0.06 per token and is accessible to anyone with a digital wallet through the Project Nexus website. The Project Nexus team estimates a launch price of $0.08. "To stay innovative and competitive, we'll continually push the boundaries of what’s possible in the financial industry,” said Co-founder and COO Nadeem Alrabey while commenting on the company’s success. “We’ll anticipate customer needs, leverage emerging technologies, and refine our offerings to ensure that Project Nexus remains ahead of the curve, delivering unparalleled value and transforming how individuals approach financial investments.” The company has been steadily growing a passionate community of approximately 2000 enthusiasts on the popular social media channel Telegram, where investors can communicate directly with the founders and leadership team and also access exciting opportunities to earn the Nexus Token. About Project Nexus Project Nexus is transforming the world of finance and empowering everyone to invest like never before. By uniting Real Estate, Stocks, and Cryptocurrency into a single, groundbreaking platform, they are revolutionizing how people manage their finances and achieve their financial goals. Distributed by STORM Partners. Contact Adrian Bono for interviews and quotes - adrian.bono@storm.partners or telegram @STORMPartners Contact Details David Mueller +1 561-325-8757 d.mueller@projectnexus.app

June 26, 2023 09:16 AM Eastern Daylight Time

Article thumbnail News Release

Backyard Projects on a Budget

YourUpdateTV

With summer officially here, homeowners around the country are looking to refresh their backyard spaces and get ready for the all of the barbecues and family parties to come. Recently, Home Expert at Angi, Mallory Micetich, participated in a nationwide satellite media tour to discuss the top projects homeowners are undertaking this summer, tips on sticking to a budget, and how to know when it’s time to call in a pro. A video accompanying this announcement is available at: https://youtu.be/RLL1KozBUO8 According to a recent Angi survey - homeowners are planning a lot of projects this year. Top projects include building raised beds, laying new sod and adding a garden feature. Many of these projects can be DIY/ weekend warrior projects - especially if you have a green thumb - be mindful of what materials you are choosing for the project and take time to assess if these are actually good DIY projects for you. If you lack the time, tools or talent to take on a project, it might end up costing you more in the long run to fix any mistakes. One great way to take on a backyard project and keep to a budget is to pick a project with high visual impact and a lot of material choices - like adding a deck or a patio. With a range of decking and patio options there is one for every budget. Don’t forget to think about ongoing maintenance for your new backyard escape - dedicating some time and budget to ongoing maintenance will help keep your new yard in shape for years to come. Want to know how to keep on budget? Start by coming up with a realistic budget. Talk to several pros in your area to make sure you get high-quality work at a price that you’re comfortable with. Once you choose your pro, be very clear about your budget. A good pro will help you choose materials that work within your budget. You should also set aside 10% of the project cost for any unexpected expenses that come up during the renovation process. For more information, visit Angi.com About Mallory Micetich Mallory Micetich is a Home Care Expert, with particular expertise in small home living and consumer protection. While currently renting in Denver, CO, she has been a homeowner, investor, landlord and renter over the last decade. She is committed to minimizing her environmental footprint and to small home living, having lived in only properties of 1,000 square feet or less. Mallory is currently the VP of Corporate Communications at Angi, where she focuses on bringing awareness to Angi and what we do every day to help homeowners love where they live. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

June 22, 2023 09:37 AM Eastern Daylight Time

Video
Article thumbnail News Release

Copper Property CTL Pass Through Trust Releases Q1-2023 Penney Intermediate Holdings LLC Financial Statements and Master Lease Store Performance Disclosures

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”) has filed a Form 8-K containing the Q1-2023 consolidated financial statements of Penney Intermediate Holdings LLC for the three months ended April 29, 2023 and April 30, 2022, respectively, and related Master Lease store performance disclosures. Additional information, including the Trust’s Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission (“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 Details Jessica Cummins - Investor Relations +1 847-313-4755 jcummins@hilcoglobal.com Company Website https://ctltrust.net/about/default.aspx

June 20, 2023 05:00 PM Eastern Daylight Time

Article thumbnail News Release

DEEM Enterprises Signs First Strategic Construction Partnership With Northstar Technologies Group for Renaissance at Bader Field Project

DEEM Enterprises

DEEM Enterprises today announced it has signed its first construction contract with Northstar Technologies Group, a pioneer of fiber reinforced polymer composite structural building systems, for its Renaissance at Bader Field redevelopment project. The strategic partnership is a crucial first step for the project, and marks the first large-scale sustainable project in the world utilizing advanced composite building technologies for energy efficiency, resiliency and sustainability. Northstar delivers sustainable, cost-effective projects for clients nationwide, across a range of market sectors and building types. It offers a unique portfolio of products focused on sustainable building structures and systems, creating stronger, ultra-energy efficient and smarter building structures. Utilizing Northstar’s pioneering energy efficient technology, the commercial and residential construction of Renaissance at Bader Field will facilitate eco-conscious developments while negating any environmental deficit, bringing transformative industry and progressive models for sustainability that push the envelope for emerging green technologies. The resilient and sustainable-planned community at Renaissance at Bader Field will be engineered to protect against natural threats, with the agility to adopt evolving technology. Renaissance at Bader Field will be built to LEED Platinum certifications standards, and act as a beacon of energy independence, integrating healthily and symbiotically with its natural and cultural surroundings. “The Renaissance at Bader Field project is more than a redevelopment; it’s a catalyst for transformation, and for the future of Atlantic City,” said Erick Feishtans, CEO of DEEM Enterprises. “I am incredibly excited for this partnership with Northstar as we move forward in our ongoing commitment to the New Jersey Green Economy, and I’m confident that our work together will be transformative across the board.” As part of its role in the redevelopment of Bader Field, Northstar will retrofit the current Skate Zone building into a 70,000 square foot temporary manufacturing facility, and upon completion of the project, Northstar will relocate to a permanent facility within the greater Atlantic City area. Per the terms outlined by DEEM Enterprises’ Memorandum of Understanding with Atlantic City, the SkateZone operation will also be relocated to an alternate site within Atlantic City. This move will be a boon for the local job economy. It will include minimum targets to utilize local companies and workers as well as WBE and MBE businesses during the construction phase, create thousands of substantial manufacturing and high-tech jobs, and provide training programs to various local labor unions participating in the project. For more information on the Renaissance at Bader Field Redevelopment Project, please visit www.deem-enterprises.com. For more information on Northstar products, please visit www.northstartgi.com. About Northstar As the pioneer in sustainable and tech driven building methods, Northstar Technologies is reinventing the construction industry by using its Patented Advanced Fiber Reinforced Polymer (FRP) composite building systems which reduce construction costs, total cost of ownership and construction time. With all the natural disasters in the world today, high-performance building materials using reimagined construction systems and methods must be utilized to give us a fighting chance in protecting our loved ones, our environment & our global assets. As Mother Nature has shown us throughout our lifetimes, Homes and commercial buildings made with traditional materials like wood, steel and concrete are not equipped to survive natural disasters, degradation and natural processes over time and yet the construction industry has failed to utilize more resilient options. Northstar Technologies has shown that it can outlast traditional building materials, thereby lowering construction & maintenance costs over the life of the structure. About Renaissance at Bader Field Renaissance at Bader Field is a planned $3.2 billion dollar, net-zero carbon LEED Platinum community to be built upon Bader Field that will transform the Atlantic City, New Jersey economy. The fundamental design approach of this new community is rooted in resilient and sustainable design methodologies while our microgrid concept for energy generation and distribution, with the ability to utilize clean hydrogen, will serve as a model for future self-sustaining projects the world over. This new community will act as a catalyst for the financial rebirth of Atlantic City by attracting new job-creating industries, increasing the city’s tax base and diversifying future businesses in the city. Most importantly, this immense development will foster and promote the core values of equity and empowerment and will serve the citizens of Atlantic City. Contact Details Mike Adorno Hot Paper Lantern madorno@hotpaperlantern.com Company Website https://www.deem-enterprises.com/

June 20, 2023 10:44 AM Eastern Daylight Time

Article thumbnail News Release

Sirius Real Estate "demonstrates resilience and growth in challenging market"

Sirius Real Estate Limited

Proactive Research Analyst Manos Halicioglu has released a new research piece on Sirius Real Estate, focusing on two major recent announcements from the company. Halicioglu speaks to Thomas Warner at Proactive's London studio about the announcements, summarising them by saying that Sirius Real Estate has demonstrated "resilience and growth in a challenging market." Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

June 14, 2023 04:17 AM Eastern Daylight Time

Video
Article thumbnail News Release

XLRE Opens the Real Estate Door for Investors

Select Sector SPDR

A decision was made in 2015 by S&P and MSCI to split the GICS (Global Industry Classification Standard) financial sector into two new sectors: financials and real estate. The creation of a new sector, of course, spurred new real estate exchange-traded funds such as the Real Estate Select Sector SPDR (XLRE). Due to this update, the sibling fund, Financials Select Sector SPDR Fund XLF, spun off its real estate exposure to this fund, so the overlap in holdings is greatly reduced. XLRE represents the new real estate sector, although mortgage REITs remain in the financial sector. Like the rest of the Sector SPDR ETF suite, XLRE holds a concentrated portfolio of mostly large caps. The index is rebalanced quarterly to meet asset diversification requirements. XLRE tracks a market-cap-weighted index of REITs and real estate stocks, excluding mortgage REITs, from the S&P 500. The ETF has $4.3 billion in assets under management and an investor-friendly expense ratio of 0.10%*. Looking Under XLRE’s Hood** The fund has 30 holdings. Prologis is the top holding at 13.60%. This real estate investment trust is the largest industrial real estate company in the world, operating in 19 countries across North America. The industrial holdings of Prologis are dominant properties in their respective markets. Coming in second in terms of holdings is American Tower, at 10.16%. This REIT is an owner and operator of wireless and broadcast communications infrastructure in several countries worldwide. Also included in the top five holdings is Equinix (8.16%), which is an American multinational company that specializes in Internet connection and data centers. The fourth-largest holding is Crown Castle (5.80%), which is a real estate investment trust and provider of shared communications infrastructure in the United States. The company’s network includes cellphone towers, fiber supporting small cells, and fiber solutions. It has 100 offices nationwide. Public Storage is the fifth-largest holding at 5.30% and it is also run as a REIT. It is the largest brand of self-storage services in the U.S. There are more than 2,200 Public Storage self-storage locations in the U.S., Canada, and Europe. It also owns 42% of an office parks subsidiary, sells packing supplies, and provides other services. Easy, Cheap, and Diverse Access Together, XLRE’s top holdings represent more than 40% of the fund, using a mix of different real estate classes. XLRE offers investors a diverse real estate portfolio covering the leading REITs in the U.S. REITs attempt to deliver attractive total returns to investors by combining dividend yield and the potential for capital gains. Having this ability to easily tap into these different real estate asset classes at a reasonable cost is what the XLRE exchange-traded fund offers advisors and investors. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Ordinary brokerage fees apply **Holdings, Weightings & Assets as of 5/31/23 subject to change DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and non-diversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL006640 EXP 8/31/23 Contact Details Dan Dolan dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

June 12, 2023 03:15 PM Eastern Daylight Time

Article thumbnail News Release

HOLIDAY ISLAND HOLDINGS, INC. HAS FINALIZED AN AGREEMENT WITH XA INTERACTIVE, INC. TO RECAPITALIZE THE COMPANY INITIALLY WITH $150 MIILION IN ASSETS

Holiday Island Holdings, Inc.

Holiday Island Holdings, Inc. (OTC: HIHI) – operating in the recreational, remote living real estate market and other commercial properties in the geographic markets of Texas, Arkansas, Oklahoma, Missouri, Louisiana, and Florida- announced today that the Company has entered into and finalized an agreement with XA Interactive, Inc. – a privately held firm specializing in Oil & Gas operations to recapitalize and grow HIHI. A Letter of Intent was executed and filed along with a Press Release announcing the deal. Under the terms of the agreement, HIHI will pass control of the public company to XA in exchange for an undisclosed amount of cash. The roll up of XA as a wholly owned subsidiary will initially put more than $150 million in assets on HIHI books. XA currently operates more than 100 active and producing oil wells, with aggressive plans to develop approximately 500 more over the next 36 months. Gene Thompson, CEO and Director said: “This is a huge development for the Company and its Shareholders, as it is expected to generate significant assets, revenues, and profits from XA’s existing and future operations. Michael Prozer, Founder and CEO of XA said: We are very pleased to make this mutually beneficial arrangement with HIHI, and we look forward to building the Company to maximize Shareholder Value and Stock Liquidity. Contact: Josephine Vargas, Executive Administrator, XA Interactive, Inc. Phone: 407-664-2929 Email: josephine@xainteractive.com Website: www.xainteractive.com Investor Relations: Controlled Capital 112 W 34th St New York, NY 10120 Direct - (917) 584-7042 www.controlledcap.com Forward-Looking Statements Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov. Contact Details Josephine Vargas josephine@xainteractive.com

June 12, 2023 12:34 PM Eastern Daylight Time

Article thumbnail News Release

Part 7 of Legal & General’s U.S. Gig Economy Study measures Covid’s impact on independent workers’ earnings amid emerging work models

Legal & General

- 43% of gig workers reported earnings declined due to the pandemic; half of these were already in the lowest income segment - Impact on earnings differed widely by geography, with Texas and Colorado showing biggest decreases - 1/3 of gig workers said that the pandemic and current economic headwinds had little impact on earnings while 27% said their income increased The seventh segment of a broad new study sponsored by Legal & General Group ( LGEN, LGNNY ), Covid’s impact on gig worker earnings shapes evolving work models was released today. With the recently signed debt limit bill clawing back almost $30 billion of unspent Covid funding debt and against a backdrop of projections suggesting that economic headwinds could cause 3.2 million layoffs in the U.S., this report examines the resilience of independent workers during the pandemic, and their capacity to emerge stronger during economic disruptions such as Covid or periods of recession. This seventh part in the data-rich study found that under a third (27 percent) benefited while over a third (43 percent) reported that their income declined; the remaining third did not think they either gained or lost economic traction during the two-and-a half-year period. These numbers skewed significantly when put through a filter of high or low wage earners, with many more independent workers in the highest earnings segment (42 percent for those earning more than $200K annually) reporting earnings increases. Few gig workers—only 1 in 10—said that the pandemic was a catalyst for them to join the gig economy or had accelerated such a move. The study measured such specifics as: - How women freelancers fared and how their chosen fields helped inform this - How gig working parents (both male and female) were impacted, versus non-parents - Breakdown of increases vs. decreases by generation (millennials & Gen Z, Gen X, and Boomers) - Differing impacts on earnings across the 12 most populous U.S. states - Expectations of income changes during the next 12 months “It’s clear that we need to think of the gig economy as a long-term shift in the American work dynamic. A sizeable percentage of this large swath of the U.S. workforce was negatively impacted during the pandemic—notably women and lower-earning gig workers—though the data suggests many may have fared better than traditional employees. We’re able to pinpoint where inequities lie, and this research provides a good sense of where support is needed going forward. It also helps us understand how this segment of the workforce might fare during future economic disruptions, and therefore what provisions might be needed to help independent workers plan for their financial, health and retirement futures.” John Godfrey, Director of Levelling-Up, Legal & General Group Pros and cons of pandemic isolation vs. work-from-home Legal & General’s study also looks at the multifaceted societal factors leading to the impacts of Covid-19 on gig workers, including the isolation many reported feeling. Despite inequities and income loss, overall, the pandemic may have represented more continuity than departure for the Gig Economy: 13 percent selected “having a pandemic-ready work life already in place before March 2020” as one of the best things about gig work. “Our research confirms several inferred conclusions about the pandemic, while raising questions about other effects. U.S. gig workers were probably better prepared for the massive work shift out of the office than their salaried peers, as well as their earning power compared to salaried workers. However, the isolation many reported experiencing, while strongly felt across the entire workforce, points to freelancers’ lack of confidence that they’re ‘in the game’ and can safely move into a secure financial future.” John Godfrey, Director of Levelling-Up, Legal & General Group The final segment of this research will summarize the steps employers would likely need to take to get gig workers back into the traditional workplace—or to try it out for the first time. To receive a pdf of any of these reports, please email Meir Kahtan/MKPR at mkahtan@rcn.com. Notes to Editors The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions. About the Study Legal & General undertook proprietary research into the attitudes and changes U.S. gig workers are experiencing in relation to their work situations and financial outlook. The U.S. Gig Economy research was compiled using original survey data from 1044 U.S.-based workers aged 18 to 60 who are neither students nor retired, and who earn at least 60% of their income from gig work. The data was collected via online survey fielded to individuals sample sourced from YouGov’s US panel. The Legal & General-designed survey was scripted and hosted on Gryphon, YouGov’s proprietary survey scripting platform, and the field work took place between August 19 and 31, 2022. Key demographics such as age, gender and region were allowed to fall out naturally. 20 questions were designed to understand facts about earnings, drivers of and barriers to gig working, financial product ownership & financial capacity when coming across adverse situations, and future expectations of being involved in the gig economy. Verbatim comments were captured by Legal & General in research carried out in June 2022. About Legal & General Group Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion ($1.4 trillion) in total assets under management* of which a third is international. We also provide powerful asset origination capabilities. Together, these underpin our leading retirement and protection solutions: we are a leading international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone. *as of December 31, 2021 The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.legalandgeneralgroup.com/

June 08, 2023 10:10 AM Eastern Daylight Time

Article thumbnail News Release

Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for May 2023

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”) has filed a Form 8-K containing its monthly report for the period ended May 31, 2023. An aggregate total distribution of $8.1 million or $0.107713 per trust certificate will be paid on June 12, 2023 to certificateholders of record as of June 9, 2023. Additional information, including the Trust’s Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission (“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 Details Copper Property CTL Pass Through Trust Jessica Cummins - Investor Relations +1 847-313-4755 jcummins@hilcoglobal.com Company Website https://ctltrust.net/about/default.aspx

June 05, 2023 11:27 AM Eastern Daylight Time

1 ... 1920212223 ... 85