Eagle Point Credit Management LLC - Dec 20, 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: Dec 20, 2022
Transactions value $: $67,308
Form type: 4
Date filed: 12/21/2022, 08:03 PM
Previous filing: Dec 19, 2022
Next filing: Dec 27, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACR	Common Stock, $0.001 par value	Purchase	$9.07K	+1K	+0.09%	$9.05	1.16M	Dec 20, 2022	See footnotes	F1, F2, F3, F4
transaction	ACR	Common Stock, $0.001 par value	Purchase	$58.2K	+6.5K	+0.56%	$8.96	1.17M	Dec 21, 2022	See footnotes	F1, F2, F3, F5
holding	ACR	8.625% Series C Preferred Stock						523K	Dec 20, 2022	See footnotes	F1, F2, F3
holding	ACR	7.875% Series D Preferred Stock						938K	Dec 20, 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 purchase price per share. These securities were purchased in multiple transactions at prices ranging from $9.04 to $9.05 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 purchased at each separate price within the ranges set forth in this footnote.
F5	The price reported reflects the weighted average purchase price per share. These securities were purchased in multiple transactions at prices ranging from $8.85 to $9.00 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 purchased at each separate price within the ranges set forth in this footnote.