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Copper Property CTL Pass Through Trust Issues Monthly Reporting Package for March 2024 and Q4 2023 Master Lease JCP Store Performance Disclosures

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 March 31, 2024 and Q4 2023 Master Lease JCP store performance disclosures. An aggregate total distribution of $23.60 million or $0.314653 per trust certificate will be paid on April 10, 2024, to certificateholders of record as of April 9, 2024. 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 Hilco Global Jessica Cummins - Investor Relations +1 847-313-4755 jcummins@hilcoglobal.com Company Website https://ctltrust.net/about/default.aspx

April 05, 2024 04:26 PM Eastern Daylight Time

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Annette Clayton Joins Flash Board of Directors

Flash Parking

Flash, the leading digital ecosystem provider connecting drivers to parking and EV charging experiences, today announced Annette Clayton, chairwoman and former CEO of Schneider Electric, has joined the company’s board of directors. Ms. Clayton has decades of automotive, technology and energy industry experience and brings an extensive track record guiding corporate strategy and operations for growth companies and pioneering startups. “We are incredibly fortunate to welcome Annette to our board of directors,” said Dan Sharplin, Flash’s CEO and Chairman. “She is an accomplished leader who has dedicated her career to companies that are transforming their respective industries, and her talents and expertise will be invaluable to our next chapter of growth, particularly when it comes to meeting the needs of modern drivers through the next wave of EV adoption.” Ms. Clayton joins Flash’s board of directors after recently concluding her tenure as CEO of Schneider Electric North America. During that time, Ms. Clayton led business strategy for the region, representing 30,000 employees and sales of more than $11 billion in fiscal year 2022. “Working with innovators like Flash that reimagine an industry is the work I love,” said Ms. Clayton regarding her appointment. “I have followed Flash’s evolution from its startup days and think the current moment is among its most exciting – Flash has done the heavy lifting and is poised to bring all the players together to set the new standard for a first-of-its-kind digital ecosystem.” Ms. Clayton currently serves on the public boards of Duke Energy, NXP Semiconductors, Oshkosh Corporation and Nordson Corporation. Ms. Clayton’s prior board service includes National Electrical Manufacturers Association, National Association of Manufacturers and many of Schneider Electric’s Energy-as-a-Service joint ventures. She was also a member of Rewiring America’s CEO’s for Electrification coalition for business leaders. Prior to Schneider Electric, she served in senior management roles for Dell, where she led the transformation of its global supply chain and fulfillment model, and General Motors Corporation, including president of Saturn Corporation, where she oversaw strategic direction, financial accountability, and profitability. Ms. Clayton holds a bachelor’s degree in general engineering from Wright State University, a master’s degree in engineering management from the University of Dayton and has completed the London Business School executive development program. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit www.flashparking.com to learn more. Contact Details Flash Parking Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website https://www.flashparking.com/

April 04, 2024 03:00 PM Eastern Daylight Time

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ARway and AVR Labs Forge Partnership for AR Navigation with AI Avatars in the Gulf Region

ARway.ai

ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to announce a significant partnership with AVR Labs, a leading XR technology company based in the United Arab Emirates. This partnership expands ARway's distribution channel, leveraging AVR Labs' extensive presence across the Middle East and its diverse clientele, which includes universities and government ministries. AVR Labs will serve as a recognized partner of ARway in the Gulf Region, implementing ARway's technology for various customer projects. Known for their expertise in AI, AR, and VR technology, AVR Labs specializes in creating immersive experiences that captivate audiences. One notable project developed by AVR Labs is AR VIEWZ GPT, an augmented reality GPT that facilitates dynamic, conversational interactions within AR environments. The partnership between ARway and AVR Labs aims to integrate these AR GPTs into the ARway platform, enhancing AR navigation experiences by incorporating conversational AI avatars. These avatars, accessible via visual marker scans, will serve as interactive tour guides, providing personalized navigation assistance and enriching user interactions within AR spaces. Overall, this partnership signifies a significant step forward for ARway in expanding its presence in the Gulf Region and enhancing its AR navigation platform with innovative conversational AI capabilities. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

April 04, 2024 11:24 AM Eastern Daylight Time

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ARway.ai announces multiple new SaaS developer contracts in both the United States and Chile

ARway.ai

ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to announce multiple new SaaS developer sign-ups for its augmented reality experience platform, focusing on AR indoor navigation. These partnerships represent significant milestones in ARway’s mission to revolutionize human interaction with physical spaces through augmented reality. Gappelberg explained that La Casa de Juana, a pioneering real estate platform based in Chile, has signed up for ARway's developer plan. La Casa de Juana specializes in offering comprehensive online services for evaluating and booking rental property tours. By leveraging ARway’s cutting-edge technology, they aim to prototype and introduce augmented reality real estate tours, enhancing their services and user experience. In addition, Navigine, a global provider of hardware-based indoor navigation and wayfinding software, headquartered in New York and Berlin, has joined forces with ARway. Navigine’s expertise in utilizing WiFi and Bluetooth technologies, along with its blue dot technology, offers indoor navigation experiences. With Navigine's specialization in indoor navigation through hardware and beacons, covering over 3,000 unique facilities, their collaboration with ARway signifies a significant advancement in providing innovative indoor navigation solutions to users worldwide. These partnerships underscore ARway’s commitment to expanding its capabilities and global reach, enabling augmented reality integration into everyday applications and revolutionizing the way people interact with physical spaces. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

April 02, 2024 12:51 PM Eastern Daylight Time

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Springtime Home Renovation: Bathroom Edition

YourUpdateTV

As we gear up for spring, it's time to give our bathrooms a much-needed makeover. HGTV star and renovation expert Scott McGillivray teamed up with Bath Fitter on a satellite media tour to share tips on how bath fitter can help you achieve a beautiful, mess-free renovation in no time. A video accompanying this announcement is available at: https://youtu.be/1nbWq_lewI4 Bath Fitter provides a fast, simple way to achieve a beautiful, mess-free bathroom renovation in as little as 24 hours. Offering a variety of designs that suit every style, Bath Fitter provides a long-lasting, cost-effective alternative to traditional bathroom remodels without ever sacrificing quality, durability, or functionality. Bath Fitter custom-made, high-gloss acrylic tubs and showers are made from the same premium acrylic found in high-end spas. This superior material requires minimal maintenance and wipes clean with ease. The seamless no-grout wall system from Bath Fitter provides a watertight seal built to last a lifetime. Unlike traditional bathroom remodels, which often involve lengthy delays, messy demolition, stress, and unexpected fees, Bath Fitter eliminates renovation pain points. High-gloss acrylic tubs and showers from Bath Fitter are custom made to fit precisely over existing units, creating a sleek, permanent solution for an instant bathroom upgrade. Tub-over-tub solutions from Bath Fitter offer a sleek, cost-effective alternative to a demolition renovation, while maintaining exceptional quality and eliminating unforeseen pain points that can often come with remodeling. Whether you’re embracing Scandinavian minimalism or want to bring some contemporary English Country to your bathroom, Bath Fitter offers a range of timeless custom designs for homeowners and renters to seamlessly complement their style and aesthetic. Committed to bathrooms that will stand the test of time, Bath Fitter backs its products with a lifetime transferable warranty. Your perfect bath is out there, and Bath Fitter is here to help you every step of the way. Visit www.bathfitter.com to learn more, schedule a one-on-one consultation, and find a showroom near you. About Scott McGillivray For more than a decade, homeowners and aspiring investors have enjoyed the warmth and humor of Scott’s easygoing approach to real estate investing. As the host and executive producer of HGTV’s award-winning series Income Property, Scott made making money in real estate a reality for hundreds of hardworking homeowners across North America. Since then, through endeavors in education, public speaking and linear and digital television production, Scott has empowered countless others to take control of their finances by making smart renovation and real estate choices. Scott’s interest in diversifying his brand experience has led him to expand into a number of areas, including business. He’s CEO of McGillivray Group and McGillivray Entertainment, co-founder of real estate investing education company, Keyspire, and an accomplished real estate investor with hundreds of properties across North America. Recently, he has expanded his business real estate reach into the areas of multi-use and multi-residential development projects. Scott is also a respected influencer who engages daily with his 1M+ followers. People from across the globe have been drawn to his approachable personality, and they trust him to provide useful and financially sensible advice. He is a proud ambassador for Habitat for Humanity Canada, and enjoys teaching people from all walks of life about how they can become homeowners and use real estate to improve their lives. When he’s not on a build site, speaking in front of a sold-out audience or filming one of his many shows, you can find Scott at home in Toronto, ON spending time with his wife Sabrina and daughters, Myah and Layla. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

April 01, 2024 10:29 AM Eastern Daylight Time

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NAVEX 2024 Global Incident Management Benchmark Study Reveals Significant Third-Party Reporting to Companies

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, has released its 2024 Whistleblowing & Incident Management Benchmark Report. The annual benchmark report offers valuable insights into workplace culture, analyzing trends from 1.86 million global reports spanning thousands of organizations that together employ more than 50 million employees. Amid a record number of tips to the SEC and a burgeoning DOJ whistleblowing program, NAVEX’s comprehensive analysis sheds a critical light on the state of workplace environments worldwide, guiding organizations toward program improvement. "NAVEX remains the gold standard in risk and compliance data analytics, continually innovating our benchmarks to enhance corporate compliance programs and offer business leaders insights into the trending risk areas for their organizations," says NAVEX Chief Risk and Compliance Officer Carrie Penman. "This year's report introduces crucial third-party reporting insights, highlighting an organization’s need to adopt internal and external reporting avenues to bolster integrity, foster accountability and equip the organization to tackle emerging challenges effectively.” This year’s analysis of the data revealed several key themes and notable findings, including: Report volume and case substantiation reach milestones. Internal reporting programs saw a record level of use as measured by NAVEX’s Reports per 100 Employees metric. In addition, the Substantiation Rate metric reached an all-time high, meaning more reports were received and more were found to be true. Report volume, and the substantiation rates of the reports received, are two of the most highly watched metrics in the annual NAVEX publication. To see both reach the highest levels ever is good news. For those with trusted and effective internal reporting programs, this added up to greater visibility into the trends of risk, ethics and culture playing out in their organizations’ operations – real-time intelligence to inform business decision-making. In 2023, organizations received a median 1.57 Reports per 100 Employees across their internal reporting systems, exceeding the previous record of 1.47 set in 2022. More organizations (23%) received five or more Reports per 100 Employees, making this population the largest in the NAVEX data set. And while year-over-year values fluctuated, every size of organization – from the smallest companies to enterprises with over 100,000 employees – has seen report volumes rise comparing 2021 and 2023. At 45%, the overall median share of substantiated or founded reports in 2023 reached an 11-year high. Third parties more likely to report business integrity and financial misconduct issues. In a first for this report, NAVEX analyzed its database by both employees and third-party reporters. Its analysis shows these two groups are distinct across several metrics, highlighting the insight organizations see by promoting their reporting programs internally and externally. Third parties as a group delivered a far greater median share of reports related to Business Integrity matters than employees in 2023 (50% versus 17%). Encompassing topics like conflicts of interest, vendor issues, fraud, global trade and human rights, this category of issues can manifest in various elements of a supply chain. Third-party reporters also showed twice the median share of Accounting, Auditing & Financial Reporting reports as employees in 2023 (10% versus 4.5%). Story emerging on accounting-related reporting – internally and externally. Accounting-related reports -- while lower in overall percentage of reports received internally by organizations at a median of 4.3.% in 2023 -- often receive an outsized share of attention due to potential for regulatory action and the well-publicized bounty program offered by the SEC and its Office of the Whistleblower. The SEC's program is witnessing unprecedented growth in tips and generously rewarding valuable information. Now, the U.S. Department of Justice is launching a similar initiative. Specifically, reports related to Accounting, Auditing, and Financial reporting: Showed the longest time between when an incident was observed and when it was reported to the organization By a large margin, were least likely to be reported anonymously Comprised an outsized share of cases for organizations that receive very few Reports per 100 Employees – meaning while these organizations received well below the benchmark number of reports, they had a much more significant percentage of accounting-related reports Experienced the longest time to investigate and close the case Had among the highest median Substantiation Rates, at 50% Were most likely to cause an employment separation event as a result of a substantiated case Accounted for twice as many of the reports submitted by third parties than those submitted by employees Small increase in report volume shows big payoff in healthy report mix. A diverse array of topics, inquiries, and allegations in internal reporting indicates a robust program. NAVEX’s findings reveal that even minor efforts to promote internal reporting significantly improve the mix of report types received. For instance, in organizations with the lowest report volume, only 8.7% of reports pertain to HR, Diversity, and Workplace Respect. However, in the next tier, this proportion jumps to 36.3%. This trend persists across different report volumes, emphasizing the importance of fostering a reporting culture. A varied mix of report types signifies trust in internal reporting to address a broad spectrum of issues. Even a slight increase from minimal reporting yields a more comprehensive and insightful flow of reports. "With NAVEX's integrated data platform, companies gain unparalleled risk signal data that empowers them to foster healthier workplace cultures, helping them achieve outcomes that matter most,” explains NAVEX Chief Product Officer A.G. Lambert. "Data isn't just numbers; it's the compass guiding organizations toward success and ensuring they stay ahead in the ever-evolving landscape of risk and compliance." Additional notable findings include: Workplace behaviors and discord were clearly visible in the data as more organizations return to office environments. As is always the case in these reports, workplace behaviors and other human resources related matters are by far the highest percentage of reports received by organizations. Workplace Civility matters continued to increase in prominence in 2023, representing a median of 18% of reports and the highest median reporting rate in 2023. This was followed by Discrimination, at a median 12%, Harassment, at a median 7.1%, then Retaliation at a median of 2.0%. The HR, Diversity and Workplace Respect category overall has seen a multi-year increase in its median share of all reports (from 50% in 2021 to 55% in 2023). These figures underscore the growing importance of fostering a respectful and inclusive work environment. Highlighting the seriousness with which organizations are taking reports received, more substantiated reports (18%) resulted in separation from employment in 2023, up significantly from 14% in 2022 and 12% in 2021. The share of reports resulting in no action – effectively the opposite end of the outcome spectrum – fell from 17% in 2022 to 14% in 2023. Nearly nine out of 10 reports of Imminent Threat to a Person, Animals or Property were substantiated in 2023 highlighting the importance that reporters possess the training, knowledge, tools and trust that promote rapid reporting of dangerous issues. This need is made even greater by a new California workplace violence prevention law expected to take effect this year that includes requirements for reporting, incident management and training around this issue. For more insights on the 2024 Whistleblowing & Incident Management Benchmark Report, join Jane Norberg, Arnold & Porter partner and former chief of the SEC Office of the Whistleblower, Keith Thomas, FedEx corporate integrity & compliance lead counsel, Carrie Penman, NAVEX chief risk & compliance officer, and Anders Olsen, NAVEX senior data scientist, for an informative webinar where they will discuss the results of this year’s analysis in detail. Watch the webinar here. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Navex Global scott.levesque@navex.com Company Website https://navex.com

March 26, 2024 06:00 AM Eastern Daylight Time

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Comcast Continues Major Fiber Network Expansion in Texas

Comcast Texas

Comcast announced today it will continue to significantly expand its next-generation Xfinity network across several southeast Texas counties in 2024. The media and technology company will invest more than $265 million to install more than one thousand miles of new fiber-rich highways that will reach more than 100,000 homes and businesses by the end of this year. The planned expansions add to Comcast’s ongoing $3 billion investment in Texas over the last three years. Comcast’s fiber network expansion in 2024 will begin in the cities of Conroe, Montgomery, Hempstead, Porter, Navasota and Cleveland. Construction will also continue in other communities that have ongoing network infrastructure projects in the Houston area. Conroe, parts of which already have access to Xfinity and Comcast Business services, will be the largest expansion area of the year — reaching approximately 20,000 additional homes and businesses. These locations will have the foundational next-generation network in place to begin deploying DOCSIS 4.0, setting the stage for the introduction of new symmetrical multi-gigabit Internet options. “Reliable high-speed internet is essential in today’s digital economy, which is why Comcast continues its commitment to connect more southeast Texas families and businesses to the moments that matter most,” said Jose Espinel, Comcast Texas’ Regional Senior Vice President. “We are expanding our fiber highways in Montgomery, Waller, Grimes and Liberty counties, strategically investing in areas undergoing significant growth. By establishing the best broadband infrastructure today, we are securing the economic prosperity of these communities for tomorrow.” Comcast’s commitment to new communities goes beyond the build-- addressing digital opportunities in communities through Project UP, the company’s $1 billion dollar commitment to help tens of millions of people connect to the Internet and build futures of unlimited possibilities. Last year, Comcast Texas invested more than one million dollars to help local community organizations provide hands on digital skills training, offer workforce development/readiness workshops and other tech education to students, adults and people with disabilities. The funding also supports ongoing efforts to build awareness about affordable connectivity services like Internet Essentials, which offers eligible households high-speed internet for $9.95/month or Internet Essentials Plus for $29.95/month. Affordable computers are also available through Internet Essentials. For more construction details and updates, visit ComcastTexas.com/Expansion. Powered by Xfinity Comcast’s network and Internet experience are powering homes today and into the future. Ultimate Capacity: Xfinity customers connect more than 1 billion devices across the company’s network annually. With the next-generation Xfinity gateways we deliver the most advanced WiFi technology carrying three times more bandwidth to power streaming, gaming, videoconferencing, and more, simultaneously. Fastest Internet: More than a third of Xfinity Internet customers subscribe to gigabit speed products. Recently Comcast connected the first customers in the world to a DOCSIS 4.0 connection, delivering symmetrical gig speeds over existing connections in customers’ homes with plans to continue to rollout these speeds across the country over the coming years. Unprecedented Coverage: The latest Xfinity Gateway provides a more reliable connection throughout the home. Customers can get wall-to-wall WiFi coverage with a powerful WiFi Boost Pod that extends coverage to hard-to-reach areas of the home. Most Reliable Connection: Comcast is scaling the nation’s largest and most reliable network that passes 62 million homes and business and counting. The company launched Storm-Ready WiFi, a new device that comes powered with cellular and battery backup to help keep customers connected even when the power goes out. Ultra-Low Latency: The Xfinity network and the latest Xfinity Gateway are a powerful combination that deliver ultra-low latency for those moments when response times matter most like video games, a fast-growing category with Xfinity households averaging more than one gaming console per home. The Xfinity network is also self-monitoring and uses AI to detect potential problems before they arise, delivering a reliable connection that is up and running in customers’ homes 99% of the time. For local businesses, Comcast Business offers a suite of connectivity, communications, networking, cybersecurity, wireless, and managed solutions to help organizations of different sizes prepare for what’s next. Powered by the nation’s largest Gig-speed broadband network, and backed by 24/7 customer support, Comcast Business is the nation’s largest cable provider to small and mid-size businesses and one of the leading service providers to the Enterprise market. Comcast Business has been consistently recognized by industry analysts and associations as a leader and innovator, and one of the fastest-growing providers of Ethernet services. Ookla’s Speedtest TM Market Index report shows that Xfinity delivered the fastest median download speeds to its Internet customers in the United States for the final quarter of 2022. Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on connectivity, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Taisha Walker +1 832-942-1131 Taisha_Walker@comcast.com Company Website https://houston.comcast.com/

March 21, 2024 06:00 AM Central Daylight Time

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NMTC Coalition Applauds Tax Credit Permanence in FY2025 Budget Proposal

New Markets Tax Credit Coalition

On March 11, 2024, the Biden Administration released its FY2025 budget proposal. The budget includes a permanent extension of the New Markets Tax Credit at $5 billion a year in the annual allocation authority with an inflation adjustment in the out years. In 2019, Congress increased the annual allocation of NMTC credits to $5 billion, and in 2020, Congress enacted a five-year extension of the NMTC, the largest in the program’s history. The program, however, is set to expire in 2025 unless extended or made permanent. “The New Markets Tax Credit has been and remains absolutely vital for many of America’s urban neighborhoods and rural communities and provides billions of dollars for high-impact, community revitalization projects,” said Bob Rapoza, spokesperson for the NMTC Coalition. “Over the years, the credit has been instrumental in financing plant and equipment for small manufacturing businesses and patient, flexible capital to other small businesses, hospitals, healthcare centers, homeless shelters and other transformative projects that improve communities, and create jobs and economic opportunity. We applaud the President’s leadership and commitment to this important program, as well as the bipartisan support of leaders in both chambers.” All NMTC projects are in low-income communities, and the vast majority of NMTC investments are located in communities where the magnitude of economic distress far exceeds the statutory requirements for qualified investments. NMTC allocation applicants face stiff competition. In 2023, applicants requested more than $14 billion in awards, nearly three times the amount available. The application rewards community development entity applicants who propose investments in areas of severe distress. While all NMTC projects must be located in qualified low-income communities, and according to NMTC Coalition survey data and CDFI Fund transaction data, roughly 75 to 85 percent are located severely distressed census tracts with extremely high poverty and unemployment rates. During this Congress, both the Senate and House introduced bills (S. 234 and H.R. 2539) with bipartisan support to make the NMTC extension permanent. Throughout its 20-year history, the NMTC has delivered more than $125 billion to rural and urban communities outside the economic mainstream, which has led to financing to more than 8,000 businesses and projects and over one million jobs. “Establishing the NMTC as a permanent part of the tax code, as proposed by the President in his budget request, will provide certainty and further promote getting patient, flexible capital to low-income and marginalized communities, creating jobs, increasing economic opportunity, and improving lives at a time when the economic frailty of our underserved communities has never been more apparent,” said Rapoza. Established in 2000 in the Community Renewal Tax Relief Act (P.L.106-554), the New Markets Tax Credit is a bipartisan effort to stimulate investment and economic growth in low-income urban neighborhoods and rural communities. For examples of how the NMTC is making an impact in each state, see the NMTC Coalition’s website, where you can find more than 2,500 NMTC success stories organized by state and congressional district. About New Markets Tax Credit Program The New Markets Tax Credit (NMTC) was enacted in 2000 to stimulate private investment and economic growth in low-income urban neighborhoods and rural communities that lack access to the patient capital needed to support and grow businesses, create jobs, and sustain healthy local economies. Since its inception, the NMTC has generated more than one million jobs. Today, due to the NMTC, more than $125 billion is hard at work in underserved communities in all 50 states, the District of Columbia, Guam, and Puerto Rico. For more information, visit www.NMTCCoalition.org. Contact Details Greg Wilson +1 571-239-7474 gregwilsonpr@gmail.com Company Website https://nmtccoalition.org/

March 20, 2024 09:38 AM Eastern Daylight Time

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New Consumer Edge Study Reveals Mortgage Rate Cuts, Aging Population and Late Winter Storms as Top Three Tailwinds Driving Home & Garden Spend

Consumer Edge

Consumer Edge (CE), the leading provider of global consumer data-driven insights, today reveals the top three biggest macro trends influencing the home & garden industry right now. CE’s latest white paper, “ Three Tailwinds Driving Home & Garden Spend, ” identifies three key macro trends that are expected to positively impact the home and garden industry in the coming year. An aging population, potential interest rate cuts by the Federal Reserve, and late winter snow storms present opportunities for home & garden companies to ramp up to the season and benefit from consumer spending patterns. "Our report on the home & garden sector explores three important factors driving spending trends this season: mortgage rates, an aging population, and weather. Lower mortgage rates are encouraging homeowners to make home repairs to get their homes ready for a more active home buying season. The growing influence of boomers is driving demand for home and garden products. Weather conditions are increasing the need among homeowners in certain regions to do things like waterproof, insulate and heat their homes,” said Michael Gunther, VP, Head of Insights at Consumer Edge. “By understanding these key trends and monitoring their impact as the spring season unfolds, home & garden brands can make informed decisions about their product offerings, marketing strategies, and customer service. Companies that are able to capitalize on these insights will be well-positioned to succeed this year." Top Three Tailwinds Driving Home & Garden Spend Mortgage Rate Impact on Home Improvement Spend: Mortgage rates keep falling from their October 2023 peak, and each rate cut brings an acceleration in home & garden spend as affordability drives housing purchases. Share of Wallet by Age: Boomers are getting older, and homeowners over the age of 65 spend twice as much on home & garden as those buying their first homes at 18-24. Spend Growth by Geography: Regions such as downstate New York saw their first snow in two years in January 2024, and it drove shoppers out to protect and repair their homes. The week of the first winter storm for New York, home & garden spend growth in the state outpaced national growth by 7.4%. With record snow hitting the region again in mid-February, later snowfall could extend this windfall into early Spring. Which brands will this affect? Companies that can cash in on lower mortgage rates offer a range of services to homeowners, such as Homeserve insurance, TruGreen lawn care, and Aptive Environmental pest control. Homeserve and TruGreen also are among the top brands shopped among those aged 65+, benefitting from a double tailwind. Other top beneficiaries of the aging population who should plan for increased spend include home décor provider, Collections Inc and bedding/bath towel purveyor, MyPillow. During New York’s January snowstorm, trends for increased spend at energy/heat providers and warm blanket sellers, Brooklinen occurred. CE’s Three Tailwinds Driving Home & Garden Spend white paper provides a detailed analysis of each trend and its potential impact on the home and garden industry. It also includes recommendations for companies on how to capitalize on these trends. To download Three Tailwinds Driving Home & Garden Spend, click here. Insights Methodology Consumer Edge highlights observed panel sales for its Home & Garden Spend aggregates and top individual brands across the US. The Consumer Edge panel consists of US ~40M debit and credit cards. Supporting Image: Note: 364 days ending 1/28/24, % of homeowners shopping at brand vs. % of overall population; brands with at least 2,500 customers in dataset About Consumer Edge Consumer Edge (CE) provides data-driven insights focused on the global consumer. Founded in 2009 by CEO Bill Pecoriello, CE is a data and insights as a service (IaaS) company delivering unparalleled views into global consumer spending behavior coupled with deep industry knowledge and analytical expertise. CE solutions provide key stakeholders across the corporate and investment landscapes with best-in-class tools to enable enhanced strategic decision-making. CE’s unique capabilities allow for actionable insights driven by near real-time market intelligence and benchmarking at the brand, sub-industry and industry levels. For more information visit consumer-edge.com. Contact Details Kite Hill PR for Consumer Edge +1 724-787-1565 ConsumerEdge@kitehillpr.com Company Website https://consumer-edge.com/

March 19, 2024 09:00 AM Eastern Daylight Time

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