Eagle Point funds trim ACRES Commercial Realty (ACR) preferred stakes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACRES Commercial Realty Corp. reported insider activity by accounts managed by Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC. These accounts sold a total of 2,591 shares of preferred stock in open-market transactions, including 8.625% Series C at $25.47 per share and 7.875% Series D at $22.55 per share.
After these sales, the accounts still indirectly hold 343,036 shares of Series C preferred, 735,576 shares of Series D preferred, and 1,177,060 shares of common stock. The reporting entities state they may be deemed to have only an indirect pecuniary interest and formally disclaim beneficial ownership of the reported securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,591 shares ($61,551)
Net Sell
5 txns
Insider
Eagle Point Credit Management LLC, Eagle Point DIF GP I LLC
Role
null | null
Sold
2,591 shs ($62K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | 8.625% Series C Preferred Stock | 849 | $25.47 | $22K |
| Sale | 8.625% Series C Preferred Stock | 215 | $25.47 | $5K |
| Sale | 7.875% Series D Preferred Stock | 1,521 | $22.55 | $34K |
| Sale | 8.625% Series C Preferred Stock | 6 | $25.47 | $152.82 |
| holding | Common Stock, $0.001 par value | -- | -- | -- |
Holdings After Transaction:
8.625% Series C Preferred Stock — 343,036 shares (Indirect, See footnotes);
7.875% Series D Preferred Stock — 735,576 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.
Key Figures
Total preferred shares sold: 2,591 shares
Series C sale price: $25.47/share
Series D sale price: $22.55/share
+3 more
6 metrics
Total preferred shares sold
2,591 shares
Net open-market sales of preferred stock reported
Series C sale price
$25.47/share
8.625% Series C Preferred Stock sale price
Series D sale price
$22.55/share
7.875% Series D Preferred Stock sale price
Series C preferred remaining
343,036 shares
Indirect holdings after sales
Series D preferred remaining
735,576 shares
Indirect holdings after sales
Common stock holding
1,177,060 shares
Indirect common stock position as of latest date
Key Terms
8.625% Series C Preferred Stock, 7.875% Series D Preferred Stock, indirect pecuniary interest, beneficial ownership, +1 more
5 terms
8.625% Series C Preferred Stock financial
"security_title: "8.625% Series C Preferred Stock""
7.875% Series D Preferred Stock financial
"security_title: "7.875% Series D Preferred Stock""
indirect pecuniary interest financial
"could be deemed to have an "indirect pecuniary interest""
beneficial ownership financial
"hereby disclaims beneficial ownership of the securities described"
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.
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 report for ACRES Commercial Realty (ACR)?
Accounts managed by Eagle Point entities reported open-market sales of ACRES Commercial Realty preferred shares. They sold 2,591 preferred shares across the 8.625% Series C and 7.875% Series D classes, while retaining substantial preferred and common stock holdings indirectly.
Who actually holds the ACRES (ACR) securities reported by Eagle Point?
The securities are directly held by certain private investment funds and accounts managed by Eagle Point Credit Management LLC. Eagle Point DIF GP I LLC serves as general partner to some of these accounts, which are collectively referred to as the Applicable Accounts in the footnotes.