ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

ACR-C ACRES Commercial Realty Corporation

25.10
0.01 (0.04%)
28 Nov 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
ACRES Commercial Realty Corporation NYSE:ACR-C NYSE Preference Share
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.01 0.04% 25.10 25.10 25.10 25.10 1,024 01:00:00

Statement of Changes in Beneficial Ownership (4)

28/09/2022 11:33pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Eagle Point Credit Management LLC
2. Issuer Name and Ticker or Trading Symbol

ACRES Commercial Realty Corp. [ ACR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

600 STEAMBOAT ROAD, SUITE 202
3. Date of Earliest Transaction (MM/DD/YYYY)

9/26/2022
(Street)

GREENWICH, CT 06830
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
8.625% Series C Preferred Stock 9/26/2022  P  4562 A$21.22 506712 I See footnotes (1)(2)(3)
7.875% Series D Preferred Stock 9/26/2022  P  3373 A$20.03 932610 I See footnotes (1)(2)(3)
Common Stock, $0.001 par value 9/26/2022  P  2755 A$8.72 1132791 I See footnotes (1)(2)(3)
8.625% Series C Preferred Stock 9/27/2022  P  4590 A$21.05 511302 I See footnotes (1)(2)(3)
7.875% Series D Preferred Stock 9/27/2022  P  201 A$19.85 932811 I See footnotes (1)(2)(3)
Common Stock, $0.001 par value 9/27/2022  P  2112 A$8.57 1134903 I See footnotes (1)(2)(3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) The securities are directly held by certain private investment funds and/or certain accounts (the "Applicable Accounts") managed by Eagle Point Credit Management LLC ("EPCM"). Eagle Point DIF GP I LLC ("DIF GP") serves as general partner to certain Applicable Accounts.
(2) EPCM and DIF GP could be deemed to have an "indirect pecuniary interest" (within the meaning of Rule 16a-1(a)(2)(ii) under the Securities Exchange Act of 1934) in securities reported herein.
(3) 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Eagle Point Credit Management LLC
600 STEAMBOAT ROAD, SUITE 202
GREENWICH, CT 06830

X

Eagle Point DIF GP I LLC
600 STEAMBOAT ROAD, SUITE 202
GREENWICH, CT 06830

X


Signatures
/s/ Kenneth P. Onorio, Chief Financial Officer of Eagle Point Credit Management LLC9/28/2022
**Signature of Reporting PersonDate

/s/ Kenneth P. Onorio, Chief Financial Officer of Eagle Point DIF GP I LLC9/28/2022
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

1 Year ACRES Commercial Realty Chart

1 Year ACRES Commercial Realty Chart

1 Month ACRES Commercial Realty Chart

1 Month ACRES Commercial Realty Chart

Your Recent History

Delayed Upgrade Clock