Eagle Point Credit Management LLC - Sep 21, 2022 Form 4 Insider Report for ACRES Commercial Realty Corp. (ACR)

Role: 10%+ Owner
Signature: /s/ Kenneth P. Onorio, Chief Financial Officer of Eagle Point Credit Management LLC
Stock symbol: ACR
Transactions as of: Sep 21, 2022
Transactions value $: $452,099
Form type: 4
Date filed: 9/23/2022, 08:40 PM
Previous filing: Sep 20, 2022
Next filing: Sep 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACR	7.875% Series D Preferred Stock	Purchase	$8.18K	+403	+0.04%	$20.30	928K	Sep 21, 2022	See footnotes	F1, F2, F3
transaction	ACR	8.625% Series C Preferred Stock	Purchase	$46.3K	+2.11K	+0.43%	$21.99	488K	Sep 21, 2022	See footnotes	F1, F2, F3
transaction	ACR	8.625% Series C Preferred Stock	Purchase	$149K	+6.8K	+1.39%	$21.96	495K	Sep 22, 2022	See footnotes	F1, F2, F3
transaction	ACR	7.875% Series D Preferred Stock	Purchase	$9.87K	+486	+0.05%	$20.30	928K	Sep 22, 2022	See footnotes	F1, F2, F3
transaction	ACR	Common Stock, $0.001 par value	Purchase	$265	+29	+0%	$9.15	1.12M	Sep 22, 2022	See footnotes	F1, F2, F3
transaction	ACR	Common Stock, $0.001 par value	Purchase	$69.5K	+7.8K	+0.69%	$8.92	1.13M	Sep 23, 2022	See footnotes	F1, F2, F3
transaction	ACR	8.625% Series C Preferred Stock	Purchase	$151K	+7.03K	+1.42%	$21.51	502K	Sep 23, 2022	See footnotes	F1, F2, F3, F4
transaction	ACR	7.875% Series D Preferred Stock	Purchase	$17.4K	+864	+0.09%	$20.19	929K	Sep 23, 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	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.
F2	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.
F3	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.
F4	The price reported reflects the weighted average sales price per share. These securities were sold in multiple transactions at prices ranging from $21.46 to $21.51 per share, inclusive. Upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, the reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.