Canyon Capital Advisors sells $68.2 million in CBL & Associates shares

Canyon Capital Advisors, a notable investor in CBL & Associates Properties Inc., has recently sold a substantial portion of its shares in the company. On October 6, 2026, the firm disposed of 1,307,500 shares, amounting to approximately $68.2 million. The sale took place on the open market at a price of $52.19 per share. Canyon Capital Advisors, headquartered in Dallas, Texas, is an investment advisory firm serving various managed funds and accounts, including Canyon-ASP Fund, L.P., Canyon Balanced Master Fund, Ltd., and others.

The reported sale was made on behalf of these affiliated funds and accounts. Mitchell R. Julis and Joshua S. Friedman, key principals of Canyon Capital Advisors, are among the 10% owners of CBL & Associates Properties Inc. The transaction has reduced their indirect ownership of the company's common stock to 6,108,794 shares.