Eagle Point funds trim ACRES (NYSE: ACR) preferred stakes in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Funds managed by Eagle Point Credit Management LLC reported sales of ACRES Commercial Realty preferred shares. Between January 28 and 30, 2026, Applicable Accounts sold a total of 2,166 shares of 7.875% Series D Preferred Stock at $22.10 per share and 2,868 shares of 8.625% Series C Preferred Stock at a weighted average price of $25.09. After these transactions, the Applicable Accounts indirectly held 751,433 Series D preferred shares, 355,562 Series C preferred shares, and 1,177,060 common shares of ACRES Commercial Realty Corp. Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC state that the securities are held by private funds and accounts they manage and that they disclaim beneficial ownership of the reported securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,034 shares ($119,827)
Net Sell
5 txns
Insider
Eagle Point Credit Management LLC, Eagle Point DIF GP I LLC
Role
10% Owner | 10% Owner
Sold
5,034 shs ($120K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | 7.875% Series D Preferred Stock | 1,912 | $22.10 | $42K |
| Sale | 8.625% Series C Preferred Stock | 2,868 | $25.09 | $72K |
| Sale | 7.875% Series D Preferred Stock | 53 | $22.10 | $1K |
| Sale | 7.875% Series D Preferred Stock | 201 | $22.10 | $4K |
| holding | Common Stock, $0.001 par value | -- | -- | -- |
Holdings After Transaction:
7.875% Series D Preferred Stock — 751,433 shares (Indirect, See footnotes);
8.625% Series C Preferred Stock — 355,562 shares (Indirect, See footnotes);
Common Stock, $0.001 par value — 1,177,060 shares (Indirect, See footnotes)
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 $25.08 to $25.10 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
What insider activity did ACR report for Eagle Point Credit Management LLC?
Funds and accounts managed by Eagle Point Credit Management LLC reported selling ACR preferred shares. They sold Series C and Series D preferred stock while continuing to hold large indirect positions in both series and in ACR common stock after the transactions.
What were the reported sales of ACR 8.625% Series C Preferred Stock?
Applicable Accounts sold 2,868 shares of ACR 8.625% Series C Preferred Stock at a weighted average price of $25.09 per share. The filing states 355,562 Series C preferred shares remained indirectly held by these accounts following the reported sale.
Who are the reporting persons in the ACR Form 4 and what is their role?
The reporting persons are Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, each a 10% owner. They manage or act as general partner to private funds and accounts that directly hold the ACR securities disclosed in the Form 4 filing.
Do Eagle Point entities claim beneficial ownership of the ACR securities reported?
No. Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC expressly disclaim beneficial ownership of the ACR securities. They note any interest is an “indirect pecuniary interest” through the funds and accounts they manage or serve as general partner.