Eagle Point Credit Management LLC - Dec 1, 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
Dec 1, 2023
Transactions value $
$163,983
Form type
4
Date filed
12/5/2023, 07:18 PM
Previous filing
Oct 25, 2023
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACR 8.625% Series C Preferred Stock Purchase $164K +7.37K +1.08% $22.25 692K Dec 1, 2023 See footnotes F1, F2, F3
holding ACR Common Stock, $0.001 par value 1.19M Dec 1, 2023 See footnotes F1, F2, F3
holding ACR 7.875% Series D Preferred Stock 1.02M Dec 1, 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.