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

Eagle Point Credit Management LLC reports transactions in ACRES Commercial Realty Corp. preferred and common stock, disclaiming beneficial ownership.

Summary

• Eagle Point Credit Management LLC (EPCM) and Eagle Point DIF GP I LLC (DIF GP) filed a Form 4 detailing changes in beneficial ownership of ACRES Commercial Realty Corp. securities.
• The report indicates transactions involving 7.875% Series D Preferred Stock on February 20 and 21, 2025.
• EPCM disposed of 1,237 shares at $22.4 on February 20, 2025 and 1,498 shares at $22.46 on February 21, 2025.
• Following these transactions, EPCM indirectly owns 886,196 shares of 7.875% Series D Preferred Stock, 393,646 shares of 8.625% Series C Preferred Stock, and 1,191,307 shares of Common Stock.
• EPCM and DIF GP disclaim beneficial ownership of these securities, stating that the securities are held by private investment funds managed by EPCM.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Management Comments

• EPCM and DIF GP disclaim beneficial ownership of the securities described in this report pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders, providing transparency into their transactions and holdings in publicly traded companies.

Stakeholder Impact

• Shareholders are informed about the transactions of significant stakeholders.
• The filing provides transparency regarding the ownership structure of ACRES Commercial Realty Corp.

Key Dates