Eagle Point funds trim ACR (NYSE: ACR) Series C preferred stake
Rhea-AI Filing Summary
ACRES Commercial Realty Corp. reported insider activity by entities associated with Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC. Private investment funds and accounts managed by Eagle Point Credit Management (the “Applicable Accounts”) sold 3,702 shares of ACRES’ 8.625% Series C Preferred Stock on 01/09/2026 at a weighted average price of $24.89 per share, and 13,979 shares on 01/13/2026 at a weighted average price of $24.93 per share. The prices reflect multiple trades in ranges of $24.88–$24.89 and $24.92–$24.95 per share.
After these sales, the Applicable Accounts indirectly held 363,830 shares of 8.625% Series C Preferred Stock, 755,391 shares of 7.875% Series D Preferred Stock, and 1,177,060 shares of common stock, all reported as indirect holdings. Eagle Point Credit Management and Eagle Point DIF GP I, which serves as general partner to certain Applicable Accounts, state they could be deemed to have an indirect pecuniary interest but expressly disclaim beneficial ownership of these securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | 8.625% Series C Preferred Stock | 13,979 | $24.93 | $348K |
| Sale | 8.625% Series C Preferred Stock | 3,702 | $24.89 | $92K |
| holding | 7.875% Series D Preferred Stock | -- | -- | -- |
| holding | Common Stock, $0.001 par value | -- | -- | -- |
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 $24.88 to $24.89 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. The price reported reflects the weighted average price per share. These securities were sold in multiple transactions at prices ranging from $24.92 to $24.95 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
Who are the reporting persons in the ACRES (ACR) Form 4 filing?
The reporting persons are Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, each identified as a 10% owner of ACRES Commercial Realty Corp. They report holdings and transactions for private investment funds and accounts they manage or serve as general partner to.
What ACRES (ACR) securities did Eagle Point-managed accounts sell?
The Applicable Accounts managed by Eagle Point Credit Management sold 8.625% Series C Preferred Stock of ACRES Commercial Realty Corp. on two dates in January 2026, as disclosed in the Form 4.
What ACRES (ACR) stakes remain after the reported transactions?
Following the reported sales, the Applicable Accounts indirectly held 363,830 shares of 8.625% Series C Preferred Stock, 755,391 shares of 7.875% Series D Preferred Stock, and 1,177,060 shares of common stock of ACRES Commercial Realty Corp.
How is beneficial ownership described for these ACRES (ACR) holdings?
The Form 4 explains that the securities are held by certain private funds and accounts managed by Eagle Point Credit Management LLC, with Eagle Point DIF GP I LLC as general partner to certain accounts. The reporting persons state they could be deemed to have an indirect pecuniary interest, but they disclaim beneficial ownership of the reported securities.
Are the ACRES (ACR) transactions direct or indirect for the reporting persons?
All positions in the Form 4 are reported as indirect (I) ownership. The securities are held by the Applicable Accounts, not directly by the reporting entities, and the nature of ownership refers to the explanatory footnotes.