Form 4: Eagle Point Credit Management LLC Reports Changes in Beneficial Ownership of ACRES Commercial Realty Corp.

Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC reported changes in their beneficial ownership of ACRES Commercial Realty Corp. preferred and common stock.

Summary

• Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC have filed a Form 4 detailing changes in their beneficial ownership of ACRES Commercial Realty Corp. securities.
• The transactions include the disposal of 130 shares of 7.875% Series D Preferred Stock at $23.06 per share on December 13, 2024.
• Additionally, 4,084 shares of 8.625% Series C Preferred Stock were disposed of at $25.18 per share on December 16, 2024.
• A further 102 shares of 7.875% Series D Preferred Stock were disposed of at $23.04 per share on December 16, 2024.
• The reporting entities also indirectly hold 1,191,307 shares of common stock.
• These securities are held by private investment funds and accounts managed by Eagle Point Credit Management LLC, with Eagle Point DIF GP I LLC acting as general partner for some accounts.
• Both entities disclaim beneficial ownership of the reported securities.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, not indicative of positive or negative sentiment.

Management Comments

• The reporting persons disclaim beneficial ownership of the securities described in this report.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a major shareholder, which is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders in publicly traded companies.
• The transactions reported are relatively small in the context of the overall holdings of Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC.

Stakeholder Impact

• The transactions may have a minor impact on the share price of ACRES Commercial Realty Corp., but the overall impact is likely to be minimal.

Key Dates

Keywords

ACRES Commercial Realty Corp., Eagle Point Credit Management LLC, Eagle Point DIF GP I LLC, Beneficial Ownership, Preferred Stock, Common Stock, Form 4, Securities Transaction