ACRES Commercial Realty (NYSE: ACR) director-affiliated funds trim 8.625% Series C preferred stake
Rhea-AI Filing Summary
ACRES Commercial Realty Corp. reported insider activity involving investment entities affiliated with Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, which are listed as directors of the company. These entities reported indirect holdings of 763,436 shares of 7.875% Series D Preferred Stock, 1,177,060 shares of common stock, and 8.625% Series C Preferred Stock.
On December 4 and 5, 2025, the reporting entities sold 48 and 99 shares, respectively, of ACRES’ 8.625% Series C Preferred Stock at a price of $25.22 per share, leaving 382,262 Series C preferred shares indirectly held. The securities are held in certain private investment funds and accounts managed by Eagle Point Credit Management, and the reporting persons state they may be deemed to have an indirect pecuniary interest but expressly disclaim beneficial ownership of the reported securities.
Positive
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Negative
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FAQ
What insider transaction did ACRES Commercial Realty Corp. (ACR) report?
The filing reports that entities affiliated with Eagle Point Credit Management LLC sold small amounts of ACRES’ 8.625% Series C Preferred Stock while continuing to hold a significant indirect position in the company’s preferred and common shares.
How many ACRES (ACR) 8.625% Series C Preferred shares were sold and at what price?
The reporting entities sold 48 shares of 8.625% Series C Preferred Stock on December 4, 2025 and 99 shares on December 5, 2025, each at a price of $25.22 per share.
How many ACRES (ACR) 8.625% Series C Preferred shares are still held after the sale?
Following the reported sales, the entities report indirect beneficial ownership of 382,262 shares of ACRES’ 8.625% Series C Preferred Stock.
What other ACRES (ACR) securities do the reporting entities indirectly hold?
The filing shows indirect holdings of 763,436 shares of 7.875% Series D Preferred Stock and 1,177,060 shares of common stock, in addition to the 8.625% Series C Preferred Stock.
How do Eagle Point Credit Management and Eagle Point DIF GP I relate to the ACRES (ACR) holdings?
The securities are held 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 of those accounts. They state they could be deemed to have an indirect pecuniary interest in the reported securities.
Do the reporting entities claim beneficial ownership of the ACRES (ACR) securities?
The reporting persons disclaim beneficial ownership of the securities described, stating that including them in the report is not an admission of beneficial ownership for Section 16 or any other purpose.
What is the relationship of the reporting persons to ACRES Commercial Realty Corp. (ACR)?
The reporting persons are identified as serving in the role of Director with respect to ACRES Commercial Realty Corp.