Eagle Point Trims Holdings in ACRES Preferred Shares
The investment manager continues to hold substantial indirect stakes across multiple ACRES stock classes.
July 10, 2025
Eagle Point Reduces Stake in ACRES Preferred Stock
On July 9, 2025, Eagle Point Credit Management filed a notice confirming recent sales of ACRES Commercial Realty’s 7.875% Series D Preferred Stock. The update covers transactions that took place over two days—July 7 and 8—and reflects a small but deliberate adjustment to the firm’s exposure.
The sale involved 1,949 shares in total, with all shares sold at $22.20. Following these moves, Eagle Point’s indirect position in the Series D Preferred Stock now stands at 841,252 shares. These holdings sit within accounts and funds that the firm manages, including some overseen by Eagle Point DIF GP I LLC, which also signed on to the filing.
Eagle Point’s role here isn’t limited to just one share class. It also maintains sizable indirect positions in ACRES’ common stock— 1,177,060 shares —and in its 8.625% Series C Preferred Stock, totaling 393,646 shares. Together, these positions reinforce Eagle Point’s status as a major shareholder, with more than 10% ownership across multiple classes.
The filing clarifies that the sales weren’t made under a pre-set Rule 10b5-1 trading plan. That means the firm likely chose this timing based on internal portfolio management decisions. Both entities behind the filing noted their indirect pecuniary interest in the securities, while also formally disclaiming beneficial ownership.
Taken together, the activity signals a targeted shift—not a full-scale exit. Eagle Point remains firmly invested, and the filing offers a timely snapshot of how one asset manager is fine-tuning its holdings across a complex capital structure.
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