ACRES Commercial Realty Corp. Reauthorizes an Additional $10 Million Share Repurchase Program
ACRES Commercial Realty (NYSE:ACR) has announced a significant expansion of its share repurchase program, with the board approving an additional $10 million for repurchasing both common and preferred stock.
The company plans to execute these repurchases through various channels, including open market purchases, privately-negotiated transactions, and block purchases, all in compliance with federal securities laws, particularly Rules 10b-18 and 10b5-1 of the Securities Exchange Act of 1934.
The timing and volume of share repurchases will be determined by management based on market conditions and other factors. The company has explicitly stated that it cannot predict when or if any shares will be repurchased under this program.
ACRES Commercial Realty (NYSE:ACR) ha annunciato un'importante espansione del suo programma di riacquisto di azioni, con il consiglio che ha approvato un ulteriore investimento di 10 milioni di dollari per il riacquisto sia di azioni ordinarie sia di azioni privilegiate.
L'azienda intende effettuare questi riacquisti attraverso diversi canali, inclusi acquisti sul mercato aperto, transazioni negoziate privatamente e acquisti in blocco, rispettando le normative federali sui titoli, in particolare le Regole 10b-18 e 10b5-1 del Securities Exchange Act del 1934.
Il momento e il volume dei riacquisti saranno decisi dalla direzione in base alle condizioni di mercato e ad altri fattori. La società ha chiarito che non è in grado di prevedere se o quando avverranno riacquisti nell'ambito di questo programma.
ACRES Commercial Realty (NYSE:ACR) ha anunciado una expansión significativa de su programa de recompra de acciones, con la junta aprobando un adicional de 10 millones de dólares para la recompra tanto de acciones comunes como preferentes.
La compañía planea ejecutar estas recompras a través de varios canales, incluyendo compras en el mercado abierto, transacciones negociadas de forma privada y compras en bloque, todo en cumplimiento con las leyes federales de valores, particularmente las reglas 10b-18 y 10b5-1 de la Ley de Bolsa de Valores de 1934.
El momento y el volumen de las recompras serán determinados por la gerencia según las condiciones del mercado y otros factores. La empresa ha declarado explícitamente que no puede predecir si o cuándo se recomprarán acciones bajo este programa.
ACRES Commercial Realty (NYSE:ACR)는 자사 주식 환매 프로그램을 대폭 확대한다고 발표했으며, 이사회는 보통주와 우선주 모두를 환매하기 위해 추가로 1,000만 달러를 승인했습니다.
회사는 이러한 환매를 공개 시장 매수, 사적 협상 거래, 블록 매수 등 다양한 경로를 통해 진행할 계획이며, 이는 1934년 증권거래법의 10b-18 및 10b5-1 규정을 포함한 연방 증권법을 준수합니다.
주식 환매의 시기와 규모는 시장 상황 및 기타 요인에 따라 경영진이 결정할 예정이며, 회사는 이 프로그램에 따라 주식을 환매할지 여부나 시기를 예측할 수 없다고 명확히 밝혔습니다.
ACRES Commercial Realty (NYSE:ACR) a annoncé une expansion significative de son programme de rachat d'actions, le conseil d'administration ayant approuvé une enveloppe supplémentaire de 10 millions de dollars pour le rachat d'actions ordinaires et préférentielles.
L'entreprise prévoit d'exécuter ces rachats par divers moyens, notamment des achats sur le marché ouvert, des transactions négociées en privé et des achats en bloc, conformément aux lois fédérales sur les valeurs mobilières, en particulier les règles 10b-18 et 10b5-1 du Securities Exchange Act de 1934.
Le moment et le volume des rachats seront déterminés par la direction en fonction des conditions du marché et d'autres facteurs. La société a explicitement indiqué qu'elle ne peut pas prévoir si et quand des actions seront rachetées dans le cadre de ce programme.
ACRES Commercial Realty (NYSE:ACR) hat eine bedeutende Erweiterung seines Aktienrückkaufprogramms bekannt gegeben, wobei der Vorstand eine zusätzliche Summe von 10 Millionen US-Dollar für den Rückkauf von Stamm- und Vorzugsaktien genehmigt hat.
Das Unternehmen plant, diese Rückkäufe über verschiedene Kanäle durchzuführen, darunter Käufe am offenen Markt, privat ausgehandelte Transaktionen und Blockkäufe, alles in Übereinstimmung mit den Bundeswertpapiergesetzen, insbesondere den Regeln 10b-18 und 10b5-1 des Securities Exchange Act von 1934.
Der Zeitpunkt und das Volumen der Rückkäufe werden vom Management basierend auf den Marktbedingungen und anderen Faktoren bestimmt. Das Unternehmen hat ausdrücklich erklärt, dass es nicht vorhersagen kann, ob oder wann Aktien im Rahmen dieses Programms zurückgekauft werden.
- Board authorizes additional $10M for share repurchase program
- Flexibility in repurchase methods including open market, private negotiations, and block purchases
- Program includes both common and preferred stock repurchases
- No commitment to specific timing or amount of repurchases
- Execution of repurchases depends on market conditions and management discretion
Insights
ACR authorized $10M for share repurchases of both common and preferred stock, providing flexibility in capital allocation with implementation timing dependent on market conditions.
ACRES Commercial Realty Corp's board has authorized an additional
Share repurchase programs typically reduce the number of outstanding shares in the market, which can potentially increase earnings per share and support share prices. The flexibility to repurchase both common and preferred shares gives management options to strategically address different aspects of their capital structure based on prevailing market conditions.
The company outlines multiple implementation methods, including open market purchases, privately-negotiated transactions, and block purchases - all in compliance with securities regulations including Rules 10b-18 and 10b5-1 of the Exchange Act. These various approaches provide operational flexibility in execution.
Importantly, the press release explicitly states they "cannot predict when or if" they will execute these repurchases. This indicates the authorization doesn't guarantee immediate action, as management will determine timing and amount based on their evaluation of market conditions.
This capital allocation decision provides ACR with options to potentially return value to shareholders, though the actual impact will depend on implementation timing, execution price, and what proportion of outstanding shares the
The Company cannot predict when or if it will repurchase any shares of common and preferred stock and the timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors.
About ACRES Commercial Realty Corp.
ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and may hold equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender exclusively dedicated to nationwide middle market CRE lending with a focus on multifamily, student housing, hospitality, industrial and office property in top
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "trend," "will," "continue," "expect," "intend," "anticipate," "estimate," "believe," "look forward" or other similar words or terms. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. Factors that can affect future results are discussed in the documents filed by the Company from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statement to reflect new or changing information or events after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law.
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SOURCE ACRES Commercial Realty Corp.
FAQ
How much is ACRES Commercial Realty (ACR) authorized to repurchase in their 2025 stock buyback program?
What methods will ACR use to repurchase shares in their 2025 buyback program?
Is there a set timeline for ACRES Commercial Realty's 2025 share repurchase program?
Which types of shares can ACR repurchase under their 2025 buyback authorization?
Who approved ACRES Commercial Realty's $10 million share repurchase program in 2025?
