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 sales of 8.625% Series C Preferred Stock on September 25 and 26, 2024, at a price of $25.22 per share.
• Following these transactions, EPCM and DIF GP indirectly hold 523,416 shares of 8.625% Series C Preferred Stock, 961,293 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 certain private investment funds and accounts managed by EPCM.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions. The disclaimer of beneficial ownership suggests a neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders and significant shareholders, allowing the public to monitor potential shifts in ownership and sentiment.

Stakeholder Impact

• Shareholders may be interested in the transactions reported, although the reporting persons disclaim beneficial ownership.
• The transactions could influence market perception of ACRES Commercial Realty Corp.'s stock.

Key Dates