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
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | 8.625% Series C Preferred Stock | 99 | $25.22 | $2K |
| Sale | 8.625% Series C Preferred Stock | 48 | $25.22 | $1K |
| 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.
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.
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.