Funds tied to ACRES Commercial Realty (NYSE: ACR) trim Series D stake
Rhea-AI Filing Summary
Private investment funds and accounts managed by Eagle Point Credit Management LLC, for which Eagle Point DIF GP I LLC serves as general partner to certain accounts, reported sales of ACRES Commercial Realty Corp. 7.875% Series D preferred stock. On January 21, 2026, the Applicable Accounts sold 692 shares at $22.07 per share, and on January 23, 2026 they sold 1,100 shares at $22.02 per share, using weighted average pricing across multiple trades in a narrow range.
After these transactions, the Applicable Accounts indirectly associated with the reporting persons held 753,599 shares of 7.875% Series D preferred stock, 1,177,060 shares of common stock, and 358,430 shares of 8.625% Series C preferred stock of ACRES Commercial Realty Corp. The reporting entities state that they may be deemed to have an indirect pecuniary interest in these securities but expressly disclaim beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | 7.875% Series D Preferred Stock | 1,100 | $22.02 | $24K |
| Sale | 7.875% Series D Preferred Stock | 692 | $22.07 | $15K |
| holding | Common Stock, $0.001 par value | -- | -- | -- |
| holding | 8.625% Series C Preferred Stock | -- | -- | -- |
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 $22.02 to $22.07 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.
FAQ
Who are the reporting persons in the ACR Form 4 filing?
The Form 4 lists Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC as reporting persons, each identified as a 10% owner of ACRES Commercial Realty Corp. for Section 16 purposes.
What ACR securities did the Eagle Point-managed accounts sell?
Certain private funds and accounts managed by Eagle Point Credit Management LLC sold 7.875% Series D Preferred Stock of ACRES Commercial Realty Corp. in the reported transactions.
What ACR holdings remain after these transactions for the Eagle Point-managed accounts?
Following the reported sales, the Applicable Accounts indirectly associated with the reporting persons held 753,599 shares of 7.875% Series D preferred stock, 1,177,060 shares of common stock, and 358,430 shares of 8.625% Series C preferred stock of ACRES Commercial Realty Corp.
Do Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC claim beneficial ownership of these ACR securities?
The filing states that Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC could be deemed to have an indirect pecuniary interest in the reported securities but that each reporting person disclaims beneficial ownership of the securities described.
How were the reported sale prices for ACR Series D preferred stock calculated?
The filing explains that the reported prices are weighted average prices per share. The securities were sold in multiple transactions at prices ranging from $22.02 to $22.07 per share, and the reporting person undertakes to provide detailed breakdowns upon request.