Eagle Point funds trim ACRES (ACR) preferred stake, retain large holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACRES Commercial Realty Corp. reported an insider filing showing that private investment funds and accounts managed by Eagle Point Credit Management LLC, with Eagle Point DIF GP I LLC as general partner to certain funds, sold 404 shares of its 7.875% Series D Preferred Stock at $22.50 per share on May 20, 2026. After this transaction, these accounts indirectly held 737,524 shares of 7.875% Series D Preferred Stock, 349,907 shares of 8.625% Series C Preferred Stock, and 1,177,060 shares of common stock. The reporting entities state that they may be deemed to have an indirect pecuniary interest in these securities and formally disclaim beneficial ownership under the relevant rules.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 404 shares ($9,090)
Net Sell
3 txns
Insider
Eagle Point Credit Management LLC, Eagle Point DIF GP I LLC
Role
null | null
Sold
404 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | 7.875% Series D Preferred Stock | 404 | $22.50 | $9K |
| holding | Common Stock, $0.001 par value | -- | -- | -- |
| holding | 8.625% Series C Preferred Stock | -- | -- | -- |
Holdings After Transaction:
7.875% Series D Preferred Stock — 737,524 shares (Indirect, See footnotes);
Common Stock, $0.001 par value — 1,177,060 shares (Indirect, See footnotes);
8.625% Series C Preferred Stock — 349,907 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.
Key Figures
Series D shares sold: 404 shares
Sale price: $22.50 per share
Series D holdings after: 737,524 shares
+2 more
5 metrics
Series D shares sold
404 shares
7.875% Series D Preferred Stock sold on May 20, 2026
Sale price
$22.50 per share
Price for 404 Series D Preferred shares sold
Series D holdings after
737,524 shares
7.875% Series D Preferred Stock indirectly held after transaction
Series C holdings
349,907 shares
8.625% Series C Preferred Stock indirectly held as of May 20, 2026
Common stock holdings
1,177,060 shares
Common Stock indirectly held as of May 20, 2026
Key Terms
indirect pecuniary interest, beneficial ownership, Rule 16a-1(a)(2)(ii), Rule 16a-1(a)(4), +1 more
5 terms
indirect pecuniary interest financial
"EPCM and DIF GP could be deemed to have an "indirect pecuniary interest" in securities reported herein."
beneficial ownership financial
"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.
Rule 16a-1(a)(2)(ii) regulatory
"within the meaning of Rule 16a-1(a)(2)(ii) under the Securities Exchange Act of 1934"
Rule 16a-1(a)(4) regulatory
"pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934"
Section 16 regulatory
"for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider activity did Eagle Point entities report for ACR on May 20, 2026?
Private funds and accounts managed by Eagle Point Credit Management LLC reported selling 404 shares of ACRES Commercial Realty’s 7.875% Series D Preferred Stock at $22.50 per share. The filing also updated their remaining indirect holdings in ACRES’ preferred and common stock.
What other ACRES Commercial Realty securities do the Eagle Point accounts hold?
The filing shows indirect holdings of 349,907 shares of 8.625% Series C Preferred Stock and 1,177,060 shares of ACRES Commercial Realty common stock. These positions are held by private investment funds and accounts managed by Eagle Point Credit Management LLC.
Do the Eagle Point entities claim beneficial ownership of the ACR securities?
The reporting entities formally disclaim beneficial ownership of the ACRES Commercial Realty securities in the filing. They state that inclusion of these positions should not be taken as an admission of beneficial ownership for Section 16 or any other legal purpose.