Eagle Point funds sell 404 ACR preferred shares
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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.
Insider Trade Summary
| 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 | -- | -- | -- |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
Key Terms
indirect pecuniary interest financial
beneficial ownership financial
Rule 16a-1(a)(2)(ii) regulatory
Rule 16a-1(a)(4) regulatory
Section 16 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Eagle Point entities report for ACR on May 20, 2026?
What other ACRES Commercial Realty securities do the Eagle Point accounts hold?
Do the Eagle Point entities claim beneficial ownership of the ACR securities?
AI-generated analysis. How Rhea-AI works. Not financial advice.