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

Eagle Point Credit Management LLC reports sales of ACRES Commercial Realty Corp. stock and preferred stock, while disclaiming beneficial ownership.

Summary

• Eagle Point Credit Management LLC, along with Eagle Point DIF GP I LLC, filed a Form 4 detailing changes in beneficial ownership of ACRES Commercial Realty Corp. securities.
• On March 19, 2025, 5,076 shares of 7.875% Series D Preferred Stock were sold at $22.44 per share.
• Also on March 19, 2025, 4,861 shares of Common Stock were sold at $23.74 per share.
• On March 20, 2025, an additional 375 shares of Common Stock were sold at $23.60 per share.
• The reporting persons disclaim beneficial ownership of the reported securities.
• After these transactions, Eagle Point Credit Management LLC indirectly holds 866,466 shares of 7.875% Series D Preferred Stock, 1,177,060 shares of Common Stock, and 393,646 shares of 8.625% Series C Preferred Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about transactions.

Management Comments

• Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC disclaim beneficial ownership of the securities described in this report.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of significant shareholders and insiders. This filing indicates changes in the holdings of Eagle Point Credit Management LLC, a major shareholder of ACRES Commercial Realty Corp.

Comparison to Industry Standards

• It's common for investment firms like Eagle Point to actively manage their positions in publicly traded companies.
• Sales of this size are not unusual for a firm managing multiple investment funds.
• The disclaimers of beneficial ownership are standard practice when firms manage funds on behalf of others.

Stakeholder Impact

• The sales of shares by Eagle Point Credit Management LLC could potentially influence the market price of ACRES Commercial Realty Corp.'s stock, impacting shareholders.
• The filing provides transparency to stakeholders regarding the investment firm's transactions.

Key Dates

Keywords

beneficial ownership, ACRES Commercial Realty Corp., Eagle Point Credit Management LLC, Form 4, securities, stock sale, preferred stock, common stock