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Filing Details

Accession Number:: 0001104659-23-062351
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-05-18 19:28:59
Reporting Period:: 2023-05-16

Accepted Time:: 2023-05-18 19:28:59
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1332551	Acres Commercial Realty Corp.	ACR	Real Estate Investment Trusts (6798)	202287134

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1607203	Eagle Point Credit Management Llc	600 Steamboat Road, Suite 202 Greenwich CT 06830		No	No	Yes	No
1836609	Eagle Point Dif Gp I Llc	600 Steamboat Road, Suite 202 Greenwich CT 06830		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
7.875% Series D Preferred Stock	Acquisiton	2023-05-16	440	$16.95	958,231	No	4	P	Indirect	See footnotes
8.625% Series C Preferred Stock	Acquisiton	2023-05-16	557	$19.70	566,990	No	4	P	Indirect	See footnotes
7.875% Series D Preferred Stock	Acquisiton	2023-05-18	103	$16.95	958,334	No	4	P	Indirect	See footnotes
8.625% Series C Preferred Stock	Acquisiton	2023-05-18	8,500	$19.76	575,490	No	4	P	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	P	Indirect	See footnotes

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $0.001 Par Value	1,190,098	Indirect	See footnotes

Footnotes

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.
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.
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.
The price reported reflects the weighted average purchase price per share. These securities were purchased in multiple transactions at prices ranging from $16.90 to $16.95 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.
The price reported reflects the weighted average purchase price per share. These securities were purchased in multiple transactions at prices ranging from $16.95 to $17.00 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.
The price reported reflects the weighted average purchase price per share. These securities were purchased in multiple transactions at prices ranging from $19.75 to $19.78 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.