OFFICE PROPERTIES INCOME TRUST 8-K

What Happened
Office Properties Income Trust (OPITQ) announced that it and certain subsidiaries commenced voluntary Chapter 11 cases on October 30, 2025 (In re Office Properties Income Trust, Case No. 25-90530). The company filed a Joint Chapter 11 Plan and related Disclosure Statement on January 9, 2026 (Docket Nos. 575 & 576) and, on February 19, 2026, filed a liquidation analysis, financial projections (May 1, 2026–Dec 31, 2030) and a valuation analysis as exhibits to the Disclosure Statement (Docket No. 835). The Analyses and Projections were not audited and the company and its advisors make no warranty as to their accuracy.

Key Details

• Chapter 11 cases commenced: October 30, 2025; jointly administered as Case No. 25-90530.
• Plan & Disclosure Statement filed: January 9, 2026 (Docket Nos. 575 & 576).
• Liquidation analysis, valuation and financial projections filed: February 19, 2026 (Exhibits C, D, E to Disclosure Statement, Docket No. 835); projections cover May 1, 2026–Dec 31, 2030.
• Plan states the company’s common shares ($0.01 par) will be cancelled on the Plan’s effective date; holders will not receive or retain property on account of those shares.
• Copies of court filings are posted at the claims agent site: https://restructuring.ra.kroll.com/OPI.

Why It Matters
The filing confirms OPITQ is undergoing a court‑supervised financial restructuring and the proposed Plan would cancel the company’s common shares, meaning equity investors could receive no recovery if the Plan is confirmed. The company warns trading prices may not reflect any ultimate recovery, and the financial exhibits are unaudited forecasts—not guarantees. Investors should note material uncertainty about the duration, outcome, and potential operational and liquidity impacts of the Chapter 11 process.