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 transactions involve the disposal of 8.625% Series C Preferred Stock on December 30 and 31, 2024.
• After these transactions, EPCM and DIF GP indirectly hold 424,364 shares of 8.625% Series C Preferred Stock, 896,366 shares of 7.875% Series D Preferred Stock, and 1,191,307 shares of Common Stock.
• EPCM and DIF GP disclaim beneficial ownership of these securities, stating they are held by private investment funds and accounts managed by EPCM.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a company trade the company's securities. This filing provides transparency into the transactions of Eagle Point Credit Management LLC, a significant shareholder of ACRES Commercial Realty Corp.

Stakeholder Impact

• Shareholders of ACRES Commercial Realty Corp. can use this information to understand the trading activity of a major shareholder.
• The filing provides transparency regarding the ownership structure of ACRES Commercial Realty Corp.

Key Dates