Form 4: Eagle Point Credit Management LLC Reports Sale of ACRES Commercial Realty Corp. Preferred Stock

Eagle Point Credit Management LLC, along with Eagle Point DIF GP I LLC, reported the sale of ACRES Commercial Realty Corp. Series D Preferred Stock on March 24 and 25, 2025.

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.
• The report indicates the sale of 854 shares of 7.875% Series D Preferred Stock on March 24, 2025, at a price of $22.45 per share.
• An additional 705 shares of the same series were sold on March 25, 2025, at a price of $22.43 per share.
• Following these transactions, the reporting entities indirectly beneficially own 864,907 shares of the 7.875% Series D Preferred Stock.
• The report also mentions indirect beneficial ownership of 1,177,060 shares of Common Stock and 393,646 shares of 8.625% Series C Preferred Stock.
• Eagle Point Credit Management LLC manages the Applicable Accounts holding the securities.
• Both Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC disclaim beneficial ownership of the reported securities.

Sentiment

Score: 5

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

Management Comments

• Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC disclaim beneficial ownership of the reported securities.

Industry Context

Form 4 filings are a standard part of regulatory compliance for entities with significant ownership in publicly traded companies, providing transparency into their transactions.

Stakeholder Impact

• Shareholders are informed about the transactions of significant stakeholders.
• The market may react to the reported sales, potentially affecting the stock price.

Key Dates

Keywords

Form 4, Beneficial Ownership, ACRES Commercial Realty Corp., Eagle Point Credit Management LLC, Preferred Stock, Securities, Sale