Eagle Point accounts sell ACR Series C preferred
Rhea-AI Filing Summary
ACRES Commercial Realty Corp. reported that private investment accounts managed by Eagle Point Credit Management LLC, with Eagle Point DIF GP I LLC as a general partner to certain accounts, sold 3,701 shares of the company’s 8.625% Series C Preferred Stock in open-market transactions. These sales occurred on February 24–26, 2026 at prices between $25.25 and $25.28 per share. After these transactions, the accounts indirectly held 351,347 shares of 8.625% Series C Preferred Stock, 745,819 shares of 7.875% Series D Preferred Stock, and 1,177,060 shares of common stock. The reporting entities disclaim beneficial ownership of the securities reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,701 shares
Net Sell
5 txns
Insider
Eagle Point Credit Management LLC, Eagle Point DIF GP I LLC
Role
10% Owner | 10% Owner
Sold
3,701 shs ($93K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | 8.625% Series C Preferred Stock | 1,301 | $25.28 | $33K |
| Sale | 8.625% Series C Preferred Stock | 1,800 | $25.25 | $45K |
| Sale | 8.625% Series C Preferred Stock | 600 | $25.25 | $15K |
| holding | 7.875% Series D Preferred Stock | -- | -- | -- |
| holding | Common Stock, $0.001 par value | -- | -- | -- |
Holdings After Transaction:
8.625% Series C Preferred Stock — 351,347 shares (Indirect, See footnotes);
7.875% Series D Preferred Stock — 745,819 shares (Indirect, See footnotes);
Common Stock, $0.001 par value — 1,177,060 shares (Indirect, See footnotes)
Footnotes (4)
- 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.
- F4. The price reported reflects the weighted average price per share. These securities were sold in multiple transactions at prices ranging from $25.25 to $25.28 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did ACRES Commercial Realty Corp. (ACR) report in this Form 4?
ACRES Commercial Realty reported that accounts managed by Eagle Point Credit Management LLC sold 3,701 shares of its 8.625% Series C Preferred Stock. The transactions were open-market sales over several days, and the reporting entities continue to hold preferred and common shares indirectly.
Who executed the reported ACRES Commercial Realty (ACR) preferred stock sales?
The sales were executed by certain private investment funds and accounts managed by Eagle Point Credit Management LLC, with Eagle Point DIF GP I LLC serving as general partner to certain accounts. These entities reported indirect pecuniary interests and expressly disclaimed beneficial ownership of the securities.
What ACRES Commercial Realty (ACR) securities do the reporting entities hold after the transactions?
After the reported trades, the accounts indirectly held 351,347 shares of 8.625% Series C Preferred Stock, 745,819 shares of 7.875% Series D Preferred Stock, and 1,177,060 shares of common stock. These positions are held indirectly through managed private investment funds and accounts.
Do Eagle Point entities claim beneficial ownership of ACRES Commercial Realty (ACR) shares?
No. Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC explicitly disclaim beneficial ownership of the reported ACRES Commercial Realty securities. They state any interest is indirect and the inclusion of these holdings should not be viewed as an admission of beneficial ownership.
What does the pricing footnote in the ACRES Commercial Realty (ACR) Form 4 explain?
The pricing footnote explains the reported sale price is a weighted average. The 8.625% Series C Preferred Stock was sold in multiple transactions at prices between $25.25 and $25.28 per share. Detailed trade-level pricing is available to regulators and security holders upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
