Form 4: Eagle Point Credit Management LLC Reports Transaction in ACRES Commercial Realty Corp.

Eagle Point Credit Management LLC reports a transaction involving ACRES Commercial Realty Corp.'s preferred stock, indicating changes in beneficial ownership.

Summary

• On July 31, 2024, Eagle Point Credit Management LLC reported a transaction involving ACRES Commercial Realty Corp.'s 8.625% Series C Preferred Stock.
• 15,096 shares were disposed of at a price of $24.86 per share.
• Following the transaction, the reporting entity indirectly beneficially owns 623,594 shares of the 8.625% Series C Preferred Stock, 1,191,307 shares of Common Stock, and 1,020,135 shares of the 7.875% Series D Preferred Stock.
• The reporting entity disclaims beneficial ownership of the reported securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.

Management Comments

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

Industry Context

This filing reflects the ongoing transactions and ownership adjustments within the commercial real estate finance sector, where entities like ACRES Commercial Realty Corp. operate.

Stakeholder Impact

• The transaction may be of interest to shareholders of ACRES Commercial Realty Corp. as it reflects changes in ownership by a significant entity.

Key Dates