SCHEDULE 13G/A: Silver Point Capital and Principals Disclose 11.4% Stake in Copper Property CTL Pass Through Trust
Beneficial Ownership Disclosure
Silver Point Capital, L.P., along with Edward A. Mule and Robert J. O'Shea, have jointly disclosed a beneficial ownership of 11.4% in Copper Property CTL Pass Through Trust's Trust Certificates.
Summary
- Silver Point Capital, L.P., a Delaware limited partnership, and its principals, Edward A. Mule and Robert J. O'Shea, have filed an Amendment No. 1 to Schedule 13G.
- The filing discloses their collective beneficial ownership of 8,565,083 Trust Certificates of Copper Property CTL Pass Through Trust.
- This ownership represents 11.4% of the outstanding Trust Certificates, based on 75,000,000 certificates outstanding as of September 30, 2024, as reported in the issuer's Form 10-Q.
- The securities are held by various funds managed by Silver Point or its subsidiaries, including Silver Point Capital Fund, L.P., Silver Point Capital Offshore Master Fund, L.P., Silver Point Distressed Opportunities Fund, L.P., and Silver Point Distressed Opportunity Institutional Partners, L.P.
- Silver Point Capital Management, LLC, as the general partner of Silver Point, and Mr. Mule and Mr. O'Shea, as members of Management with voting and investment power, are deemed beneficial owners.
- The reporting persons have entered into a Joint Filing Agreement dated January 10, 2025, to file this statement jointly.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative financial or operational information.
Future Outlook
NA This Schedule 13G filing is a beneficial ownership disclosure and does not provide forward-looking statements or guidance.
Industry Context
NA This Schedule 13G filing is a beneficial ownership disclosure and does not provide analysis of broader industry trends or competitor comparisons.
Stakeholder Impact
- Shareholders: The disclosure of a significant 11.4% stake by an institutional investor like Silver Point Capital may signal increased institutional interest or confidence in the Trust Certificates, potentially influencing market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 2024-09-30 | Date as of which the number of outstanding Trust Certificates (75,000,000) was reported in the issuer's Form 10-Q. |
| 2024-11-07 | Date the issuer's Quarterly Report on Form 10-Q was filed with the SEC, disclosing outstanding certificates. |
| 2025-01-07 | Date of event which required the filing of this statement. |
| 2025-01-10 | Date of the Joint Filing Agreement between the reporting persons and the signature date of the Schedule 13G Amendment No. 1. |
Keywords
Copper Property CTL Pass Through Trust, Silver Point Capital, Schedule 13G, Beneficial Ownership, Trust Certificates, Institutional Investor, SEC Filing, Investment Management
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