Eagle Point funds trim ACRES Commercial (NYSE: ACR) preferred stakes while retaining large positions

Rhea-AI Filing Summary

ACRES Commercial Realty Corp. insider Eagle Point-managed accounts reported open-market sales of the company’s preferred stock. On June 1, accounts managed by Eagle Point Credit Management LLC, with Eagle Point DIF GP I LLC as general partner to certain accounts, sold 5,801 shares of 8.625% Series C Preferred Stock at a weighted average price of $25.41 per share, with individual trades between $25.44 and $25.52. They also sold 5 shares of 7.875% Series D Preferred Stock at $22.55 per share, and on June 3 sold an additional 422 Series D shares at $22.55 per share.

After these transactions, the accounts indirectly held 344,106 Series C preferred shares, 737,097 Series D preferred shares, and 1,177,060 common shares. The reporting entities state that the securities are held by private funds and accounts they manage and that they disclaim beneficial ownership of the reported securities under SEC rules.

Insights

Equity ownership & governance analyst

Eagle Point-managed funds reported modest net sales of ACR preferred shares while retaining substantial indirect positions.

Private funds and accounts managed by Eagle Point Credit Management reported net sales of 6,228 preferred shares of ACRES Commercial Realty, split between 8.625% Series C and 7.875% Series D issues. All positions are reported as indirect, with the securities held by underlying funds and accounts.

Following the transactions, the accounts still hold large preferred stakes of 344,106 Series C and 737,097 Series D shares, plus 1,177,060 common shares. The reporting entities explicitly disclaim beneficial ownership under Rule 16a-1(a)(4), so these trades reflect activity at the fund/account level rather than personal insider portfolio moves.

The weighted-average pricing disclosure for the Series C sale, with trades between $25.44 and $25.52, indicates execution across multiple small transactions rather than a single block. Overall, this looks like routine portfolio rebalancing by a 10% owner’s managed accounts rather than a transformative change in ownership.

Insider Trade Summary

Net Seller: 6,228 shares ($157,032)

Net Sell 4 txns

Insider Eagle Point Credit Management LLC, Eagle Point DIF GP I LLC

Role null | null

Sold 6,228 shs ($157K)

Type	Security	Shares	Price	Value
Sale	7.875% Series D Preferred Stock	422	$22.55	$10K
Sale	7.875% Series D Preferred Stock	5	$22.55	$112.75
Sale	8.625% Series C Preferred Stock	5,801	$25.41	$147K
holding	Common Stock, $0.001 par value	--	--	--

Holdings After Transaction: 7.875% Series D Preferred Stock — 737,097 shares (Indirect, See footnotes); 8.625% Series C Preferred Stock — 344,106 shares (Indirect, See footnotes); Common Stock, $0.001 par value — 1,177,060 shares (Indirect, See footnotes)

Footnotes (1)

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 $25.44 to $25.52 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.

Key Figures

Series C preferred shares sold: 5,801 shares Series C average sale price: $25.41 per share Series D preferred shares sold: 427 shares +5 more

8 metrics

Series C preferred shares sold 5,801 shares 8.625% Series C Preferred Stock sold on June 1

Series C average sale price $25.41 per share Weighted average; trades from $25.44 to $25.52

Series D preferred shares sold 427 shares 7.875% Series D Preferred Stock sold June 1 and June 3

Series D sale price $22.55 per share Open-market sales of 7.875% Series D Preferred Stock

Series C preferred held after 344,106 shares Indirectly held following June 1 transactions

Series D preferred held after 737,097 shares Indirectly held following June 3 transaction

Common shares indirectly held 1,177,060 shares Indirect common stock position as of June 1

Total preferred shares sold 6,228 shares Net sell volume across preferred series in this Form 4

Key Terms

indirect pecuniary interest, beneficial ownership, weighted average price per share, 7.875% Series D Preferred Stock, +2 more

6 terms

indirect pecuniary interest regulatory

"EPCM and DIF GP could be deemed to have an "indirect pecuniary interest" in securities reported herein."

beneficial ownership regulatory

"Each of the Reporting Persons hereby disclaims beneficial ownership of the securities described in this report."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

weighted average price per share financial

"The price reported reflects the weighted average price per share."

7.875% Series D Preferred Stock financial

"security_title": "7.875% Series D Preferred Stock""

8.625% Series C Preferred Stock financial

"security_title": "8.625% Series C Preferred Stock""

Rule 16a-1(a)(4) regulatory

"disclaims beneficial ownership of the securities described in this report pursuant to Rule 16a-1(a)(4)."

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Form 4 Insider Transactions: What Each Field Means →

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 CONNECTICUT 06830

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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

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

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

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	06/01/2026		S		5	D	$22.55	737,519	I	See footnotes(1)(2)(3)
7.875% Series D Preferred Stock	06/03/2026		S		422	D	$22.55	737,097	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	06/01/2026		S		5,801	D	$25.41	344,106	I	See footnotes(1)(2)(3)(4)

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 CONNECTICUT 06830

(City) (State) (Zip)

UNITED STATES

(Country)

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 CONNECTICUT 06830

(City) (State) (Zip)

UNITED STATES

(Country)

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.

4. The price reported reflects the weighted average price per share. These securities were sold in multiple transactions at prices ranging from $25.44 to $25.52 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.

	/s/ Courtney Fandrick, Chief Compliance Officer of Eagle Point Credit Management LLC	06/03/2026
	/s/ Courtney Fandrick, Authorized Person of Eagle Point DIF GP I LLC	06/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)