Eagle Point funds trim ACRES (NYSE: ACR) preferred stake

Eagle Point Credit Management LLC funds have sold 1,095 shares of ACRES Commercial Realty Corp.'s 7.875% Series D Preferred Stock at a weighted average price of $22.12 per share. Following this transaction, the accounts managed by Eagle Point continue to hold substantial indirect shares, including 737,928 Series D Preferred, 349,907 Series C Preferred, and 1,177,060 common shares. The reporting entities explicitly disclaim beneficial ownership under Section 16 rules, noting their indirect pecuniary interest through managed accounts.