Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, each reported as 10% owners of ACRES Commercial Realty Corp (NASDAQ: ACR), executed sales of the company’s 8.625% Series C Preferred Stock over a three-day window from February 24 to February 26, 2026.
The aggregate proceeds from those disposals totaled $93,489. The transactions entailed 3,701 shares of the Series C preferred issue, with execution prices ranging narrowly between $25.25 and $25.28 per share. The sales were recorded as 600 shares on February 24, 1,800 shares on February 25, and 1,301 shares on February 26.
Following the sales, the two Eagle Point entities indirectly retain 351,347 shares of the 8.625% Series C Preferred Stock. In addition to that holding, they also continue to hold 745,819 shares of the 7.875% Series D Preferred Stock and 1,177,060 shares of Common Stock, $0.001 par value, of ACRES Commercial Realty Corp.
Market data included in the report show ACRES Commercial Realty Corp’s common stock trading at $18.65 and the firm carrying a market capitalization of $129 million. The report also notes that common shareholders do not receive a dividend, while preferred stock obligations remain in place. A valuation snapshot mentioned in the filing indicates the equity trades at a low price-to-book multiple of 0.3 and that a platform’s Fair Value calculations identify the shares as appearing undervalued.
The disclosure provides a detailed timeline and price range for the disposition but does not offer commentary on the reasons for the sales. The combined dollar amount of the transactions, the post-sale holdings across preferred and common share classes, and the cited valuation metrics are the primary factual elements provided.
Contextual note - The information presented is limited to the transaction dates, share counts, prices, post-transaction holdings, prevailing common share price, market capitalization and the referenced dividend and valuation observations. No additional commentary or rationale for the trades was provided in the report.