Eagle Point Credit Management LLC - Apr 17, 2023 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
Apr 17, 2023
Transactions value $
$32,287
Form type
4
Date filed
4/19/2023, 09:14 PM
Previous filing
Apr 10, 2023
Next filing
May 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACR 8.625% Series C Preferred Stock Purchase $19.3K +962 +0.18% $20.09 539K Apr 17, 2023 See footnotes F1, F2, F3
transaction ACR 7.875% Series D Preferred Stock Purchase $10.6K +587 +0.06% $18.00 942K Apr 17, 2023 See footnotes F1, F2, F3
transaction ACR 7.875% Series D Preferred Stock Purchase $2.39K +133 +0.01% $18.00 943K Apr 19, 2023 See footnotes F1, F2, F3
holding ACR Common Stock, $0.001 par value 1.19M Apr 17, 2023 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.