Eagle Point funds trim ACRES (NYSE: ACR) preferred holdings in Form 4 filing
Rhea-AI Filing Summary
ACRES Commercial Realty Corp. reported indirect sales of preferred stock by entities associated with Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC. On 2026-06-15, Applicable Accounts managed by Eagle Point sold 3,711 shares of 8.625% Series C Preferred Stock at a weighted average price of $25.47 per share and 2,270 shares of 7.875% Series D Preferred Stock at a weighted average price of $22.57 per share.
The filing shows these entities had 339,325 Series C and 733,306 Series D preferred shares indirectly owned after the transactions, along with 1,177,060 common shares indirectly owned. The reporting persons state the securities are held by private investment funds and accounts they manage and expressly disclaim beneficial ownership under the securities laws.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | 7.875% Series D Preferred Stock | 2,270 | $22.57 | $51K |
| Sale | 8.625% Series C Preferred Stock | 3,711 | $25.47 | $95K |
| 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 $25.47 to $25.49 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.