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

Eagle Point Credit Management LLC, a 10% owner of ACRES Commercial Realty Corp., reported the sale of preferred and common stock on March 17 and 18, 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.
• On March 17, 2025, 3,180 shares of 7.875% Series D Preferred Stock were sold at $22.47 per share.
• On March 18, 2025, 2,500 shares of 7.875% Series D Preferred Stock were sold at $22.48 per share.
• Also on March 18, 2025, 9,011 shares of common stock were sold at $23.7 per share.
• Following these transactions, Eagle Point Credit Management LLC indirectly beneficially owns 871,542 shares of 7.875% Series D Preferred Stock, 1,182,296 shares of common stock, and 393,646 shares of 8.625% Series C Preferred Stock.
• The reporting persons disclaim beneficial ownership of the securities, stating that the inclusion of these securities in the report should not be deemed an admission of beneficial ownership.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales. It doesn't inherently convey positive or negative sentiment, but the sales themselves could be interpreted in various ways depending on the context.

Management Comments

• Each of the Reporting Persons hereby disclaims 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 when insiders or significant shareholders of a publicly traded company buy or sell the company's securities. This filing indicates changes in the ownership position of Eagle Point Credit Management LLC, a major shareholder of ACRES Commercial Realty Corp.

Comparison to Industry Standards

• Form 4 filings are a common occurrence for publicly traded companies and their major shareholders.
• Similar filings can be observed for other REITs (Real Estate Investment Trusts) and companies with significant insider ownership, such as Starwood Property Trust (STWD) or Blackstone Mortgage Trust (BXMT).
• The volume and frequency of these transactions can be compared to industry peers to assess investor sentiment and potential strategic shifts.

Stakeholder Impact

• The sale of shares by a significant shareholder like Eagle Point Credit Management LLC could potentially influence investor sentiment and the stock price of ACRES Commercial Realty Corp.
• The transactions do not appear to directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

ACRES Commercial Realty Corp., Eagle Point Credit Management LLC, beneficial ownership, Form 4, securities, stock sale, preferred stock, common stock