Eagle Point Credit Management reduces small slice of ACR preferred holdings
Eagle Point Credit Management LLC, a roughly 10% holder of Acres Commercial Realty Corp (NYSE: ACR), sold 2,954 shares of the company’s 7.875% Series D Preferred Stock on March 16, 2026 for a weighted average of $22.07 per share, receiving $65,194. The firm retains substantial preferred and common holdings as Acres reported disappointing fourth-qua…