Copper Property CTL Trust enters binding agreement to sell 119 properties for $947M to Onyx Partners

Copper Property CTL Pass Through Trust

All-cash sale of 119 properties subject to triple-net master lease with Penney Intermediate Holdings LLC.
Buyer's deposit non-refundable; due diligence completed; closing on or before September 8, 2025.
Net proceeds to be distributed to certificateholders per Trust Agreement after sale consummation.
Limited termination rights for ground lessor purchase rights, title defects, casualty, or condemnation.

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