Initial Statement of Beneficial Ownership (3)
21 März 2022 - 09:13PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP
OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response... 0.5 |
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person * Eagle Point
Credit Management LLC |
2. Date of Event Requiring Statement
(MM/DD/YYYY)
3/9/2022
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3. Issuer Name and Ticker or Trading
Symbol ACRES Commercial Realty Corp. [ACR] |
(Last)
(First)
(Middle)
600 STEAMBOAT ROAD, SUITE 202 |
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director ___X___
10% Owner
_____ Officer (give title
below) _____
Other (specify below)
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(Street)
GREENWICH, CT 06830
(City)
(State)
(Zip)
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5. If Amendment, Date Original
Filed(MM/DD/YYYY)
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6. Individual or Joint/Group
Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Beneficially
Owned
|
1.Title of Security
(Instr. 4) |
2. Amount of Securities Beneficially Owned
(Instr. 4) |
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) |
4. Nature of Indirect Beneficial Ownership
(Instr. 5) |
Common Stock, $0.001 par value |
939282 |
I |
See footnotes (1)(2)(3) |
8.625% Series C Preferred Stock |
433562 |
I |
See footnotes (1)(2)(3) |
7.875% Series D Preferred Stock |
962064 |
I |
See footnotes (1)(2)(3) |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 4) |
2. Date Exercisable and Expiration Date
(MM/DD/YYYY) |
3. Title and Amount of Securities Underlying
Derivative Security
(Instr. 4) |
4. Conversion or Exercise Price of Derivative
Security |
5. Ownership Form of Derivative Security: Direct (D)
or Indirect (I)
(Instr. 5) |
6. Nature of Indirect Beneficial Ownership
(Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Explanation of
Responses: |
(1) |
1. The shares are directly
held by certain private investment funds and/or certain accounts
(the "Applicable Accounts") managed by Eagle Point Credit
Management LLC ("EPCM") and in which EPCM may 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 (the
"Exchange Act"). |
(2) |
2. Eagle Point DIF GP I LLC
serves as general partner to certain Applicable Accounts that hold
the Common Stock reported herein. Accordingly, it may also be
deemed to have an "indirect pecuniary interest" in securities held
by such Applicable Accounts. |
(3) |
3. 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
Exchange Act 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. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Eagle Point Credit Management LLC
600 STEAMBOAT ROAD, SUITE 202
GREENWICH, CT 06830 |
|
X |
|
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Eagle Point DIF GP I LLC
600 STEAMBOAT ROAD, SUITE 202
GREENWICH, CT 06830 |
|
X |
|
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Signatures
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s/ Kenneth Onorio, Chief Financial Officer of
each of Eagle Point Credit Management LLC and Eagle Point DIF GP I
LLC |
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3/21/2022 |
**Signature
of Reporting Person |
Date |
Reminder: Report on a separate line for each class
of securities beneficially owned directly or
indirectly. |
* |
If the form is filed by more than one
reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions
of facts constitute Federal Criminal Violations. See 18
U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: |
File three copies of this Form, one of
which must be manually signed. If space is insufficient, see
Instruction 6 for procedure. |
Persons who respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number. |
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