Eagle Point funds cut ACR (NYSE: ACR) preferred holdings in Form 4
Rhea-AI Filing Summary
ACRES Commercial Realty Corp. 10% owners report preferred share sales through managed accounts. Private investment funds and accounts managed by Eagle Point Credit Management LLC, with Eagle Point DIF GP I LLC as general partner to certain accounts, reported open-market sales of the company’s preferred stock.
On February 2–4, 2026, the accounts sold 7.875% Series D Preferred Stock in several trades, including 5,200 shares at $22.11, 44 shares at $22.12, and 97 shares at $22.12. After these trades, the accounts indirectly held 746,092 Series D preferred shares. On February 3, they also sold 5 shares of 8.625% Series C Preferred Stock at $25.10, leaving 355,557 Series C preferred shares, and reported indirect holdings of 1,177,060 common shares. The reporting entities state they may be deemed to have an indirect pecuniary interest but disclaim beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | 7.875% Series D Preferred Stock | 97 | $22.12 | $2K |
| Sale | 7.875% Series D Preferred Stock | 44 | $22.12 | $973.28 |
| Sale | 8.625% Series C Preferred Stock | 5 | $25.10 | $125.50 |
| Sale | 7.875% Series D Preferred Stock | 5,200 | $22.11 | $115K |
| holding | Common Stock, $0.001 par value | -- | -- | -- |
Footnotes (1)
- The securities are directly held by certain private investment funds and/or certain accounts (the "Applicable Accounts") managed by Eagle Point Credit Management LLC ("EPCM"). Eagle Point DIF GP I LLC ("DIF GP") serves as general partner to certain Applicable Accounts. EPCM and DIF GP could be deemed to have an "indirect pecuniary interest" (within the meaning of Rule 16a-1(a)(2)(ii) under the Securities Exchange Act of 1934) in securities reported herein. Each of the Reporting Persons hereby disclaims beneficial ownership of the securities described in this report pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of any of the reported securities for purposes of Section 16 or for any other purpose. The price reported reflects the weighted average price per share. These securities were sold in multiple transactions at prices ranging from $22.10 to $22.13 per share, inclusive. Upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, the reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.