ACR Form 4: Eagle Point Sells Series D Preferred, Retains Large Indirect Stakes

Rhea-AI Filing Summary

Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC reported sales of ACRES Commercial Realty Corp. 7.875% Series D preferred stock across three transactions: 910 shares sold at $22.35, 90 shares sold at $22.40, and 2,188 shares sold at $22.43. After those disposals the reported indirect beneficial ownership of Series D preferred is 791,797 shares. The filing also discloses 1,177,060 shares of common stock and 393,646 shares of 8.625% Series C preferred stock held indirectly by applicable accounts managed by Eagle Point. The report states these securities are held by private investment funds and accounts managed by Eagle Point and that the filers disclaim beneficial ownership.

Positive

• Detailed transaction disclosure for each sale of Series D preferred shares with prices and quantities
• Clear reporting of indirect holdings across common stock and two series of preferred stock
• Explanatory footnotes clarifying that securities are held by private funds/accounts managed by Eagle Point

Negative

• Dispositions of Series D preferred shares (totaling 3,188 shares reported sold across three transactions)
• No information on rationale for the sales is provided in the filing

Insights

Securities Analyst

TL;DR: Reporting entities disclosed modest dispositions of Series D preferred shares while maintaining large indirect holdings across equity classes.

The filing documents routine sales of 7.875% Series D preferred shares in three tranches, with prices from $22.35 to $22.43, reducing reported indirect holdings to 791,797 shares. It also confirms substantial indirect positions in common stock (1,177,060 shares) and 8.625% Series C preferred (393,646 shares). From a securities-analytics perspective, the filing provides clear, line-by-line transactional detail necessary for position tracking and transparency; there is no additional financial performance or forward-looking information in the report.

Corporate Governance Expert

TL;DR: The report fulfills Section 16 disclosure for multiple reporting persons and clarifies indirect holdings via managed accounts.

The Form 4 indicates filings by Eagle Point-affiliated entities and includes the required signature attestations. It explicitly states that the securities are held by private funds and accounts managed by Eagle Point and that the reporting persons disclaim beneficial ownership. This structure and the explanatory footnotes align with common governance disclosures for asset managers acting through managed accounts and general partner entities.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Eagle Point Credit Management LLC

(Last) (First) (Middle)

600 STEAMBOAT ROAD, SUITE 202

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ACRES Commercial Realty Corp. [ ACR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
7.875% Series D Preferred Stock	09/04/2025		S		910	D	$22.35	794,075	I	See footnotes(1)(2)(3)
7.875% Series D Preferred Stock	09/05/2025		S		90	D	$22.4	793,985	I	See footnotes(1)(2)(3)
7.875% Series D Preferred Stock	09/08/2025		S		2,188	D	$22.43	791,797	I	See footnotes(1)(2)(3)
Common Stock, $0.001 par value								1,177,060	I	See footnotes(1)(2)(3)
8.625% Series C Preferred Stock								393,646	I	See footnotes(1)(2)(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Eagle Point Credit Management LLC

(Last) (First) (Middle)

600 STEAMBOAT ROAD, SUITE 202

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Eagle Point DIF GP I LLC

(Last) (First) (Middle)

600 STEAMBOAT ROAD, SUITE 202

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

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.

2. 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.

3. 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.

	/s/ Courtney Fandrick, Chief Compliance Officer of Eagle Point Credit Management LLC	09/08/2025
	/s/ Courtney Fandrick, Authorized Person of Eagle Point DIF GP I LLC	09/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What Series D preferred transactions were reported by Eagle Point in the ACRES (ACR) Form 4?

The filing reports sales of 7.875% Series D preferred stock: 910 shares at $22.35, 90 shares at $22.40, and 2,188 shares at $22.43.

How many Series D preferred shares does Eagle Point report beneficially owning after the transactions?

The report shows an indirect beneficial ownership of 791,797 shares of 7.875% Series D preferred stock following the reported sales.

What other ACRES (ACR) securities are disclosed as held by Eagle Point-managed accounts?

The filing discloses indirect holdings of 1,177,060 shares of common stock and 393,646 shares of 8.625% Series C preferred stock.

Who holds the securities reported in the Form 4 for ACRES (ACR)?

The securities are directly held by certain private investment funds and accounts managed by Eagle Point Credit Management LLC, with Eagle Point DIF GP I LLC serving as general partner to certain accounts.

Do the reporting persons claim beneficial ownership of the reported securities?

The filing includes a disclaimer stating each reporting person disclaims beneficial ownership of the securities reported in the report.