Eagle Point Credit Management LLC - Mar 9, 2022 Form 3 Insider Report for ACRES Commercial Realty Corp. (ACR)

Role
10%+ Owner
Signature
s/ Kenneth Onorio, Chief Financial Officer of each of Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC
Stock symbol
ACR
Transactions as of
Mar 9, 2022
Transactions value $
$0
Form type
3
Date filed
3/21/2022, 04:13 PM
Previous filing
Dec 16, 2021
Next filing
Apr 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ACR Common Stock, $0.001 par value 939K Mar 9, 2022 See footnotes F1, F2, F3
holding ACR 8.625% Series C Preferred Stock 434K Mar 9, 2022 See footnotes F1, F2, F3
holding ACR 7.875% Series D Preferred Stock 962K Mar 9, 2022 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1. The shares are directly held by certain private investment funds and/or certain accounts (the "Applicable Accounts") managed by Eagle Point Credit Management LLC ("EPCM") and in which EPCM may 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 (the "Exchange Act").
F2 2. Eagle Point DIF GP I LLC serves as general partner to certain Applicable Accounts that hold the Common Stock reported herein. Accordingly, it may also be deemed to have an "indirect pecuniary interest" in securities held by such Applicable Accounts.
F3 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 Exchange Act 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.