• Office Properties Income Trust exited Chapter 11 under a court-filed reorganization plan dated April 21, 2026.
• Legacy shares were cancelled. New common shares and warrants were issued to claimholders in exchange for extinguished liabilities.
• The restructuring triggered an IRC Section 382 ownership change. Management flagged potential limits on net operating losses, depreciation, and loss utilization.
• Cancellation-of-debt income is expected to be excluded due to bankruptcy rules. Tax attributes will be reduced, potentially increasing future taxable income.
• Transfer restrictions were put in place to reduce the risk of another ownership change within two years that could eliminate remaining tax attributes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Office Properties Income Trust published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-076652), on June 23, 2026, and is solely responsible for the information contained therein.