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

Eagle Point Credit Management LLC reports transactions involving 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 8.625% Series C Preferred Stock on July 23 and July 25, 2024.
• EPCM and DIF GP manage certain private investment funds and accounts that directly hold the securities.
• Both EPCM and DIF GP disclaim beneficial ownership of the reported securities.

Sentiment

Score: 5

Explanation: The document is a routine 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 and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of any of the reported securities for purposes of Section 16 or for any other purpose.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders and significant shareholders.

Stakeholder Impact

• Shareholders are informed about the transactions of significant shareholders, providing transparency.

Key Dates