SEC Info - Eagle Point Credit Management LLC, et al. - ‘4’ for 9/29/22 re: ACRES Commercial Realty Corp.

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Eagle Point Credit Management LLC

(Last)

(First)

(Middle)

600 STEAMBOAT ROAD, SUITE 202

(Street)

GREENWICH

06830

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ACRES Commercial Realty Corp. [ ACR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
9/29/22

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
7.875% Series D Preferred Stock	9/29/22		P		756	A	$19.85	933,567	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾
8.625% Series C Preferred Stock	9/29/22		P		2,194	A	$21	513,496	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾
7.875% Series D Preferred Stock	9/30/22		P		1,766	A	$19.1	935,333	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾
Common Stock, $0.001 par value	9/30/22		P		463	A	$8.15	1,135,366	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

Eagle Point Credit Management LLC

(Last)

(First)

(Middle)

600 STEAMBOAT ROAD, SUITE 202

(Street)

GREENWICH

06830

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Eagle Point DIF GP I LLC

(Last)

(First)

(Middle)

600 STEAMBOAT ROAD, SUITE 202

(Street)

GREENWICH

06830

(City)

(State)

(Zip)

Explanation of Responses:

(1) The securities are directly held by certain private investment funds and/or certain accounts (the "Applicable Accounts") managed by Eagle Point Credit Management LLC ("EPCM"). Eagle Point DIF GP I LLC ("DIF GP") serves as general partner to certain Applicable Accounts.

(2) EPCM and DIF GP could 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) in securities reported herein.

(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 Securities Exchange Act of 1934 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.

	/s/ Kenneth P. Onorio, Chief Financial Officer of Eagle Point Credit Management LLC	10/3/22
	/s/ Kenneth P. Onorio, Chief Financial Officer of Eagle Point DIF GP I LLC	10/3/22
	** 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 4 (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).
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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 Number.

____________ Transaction Code:
P	Open market or private purchase of non-derivative or derivative security.

Eagle Point Credit Management LLC, et al. – ‘4’ for 9/29/22 re: ACRES Commercial Realty Corp.

On: Monday, 10/3/22, at 6:33pm ET · For: 9/29/22 · As: 10% Owner · Accession #: 1104659-22-105415 · File #: 1-32733

Previous ‘4’: ‘4’ on 9/28/22 for 9/26/22 · Next: ‘4’ on 10/12/22 for 10/10/22 · Latest: ‘4’ on 4/18/24 for 4/16/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34

Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Eagle Point Credit Management LLC, et al. – ‘4’ for 9/29/22 re: ACRES Commercial Realty Corp.

On: Monday, 10/3/22, at 6:33pm ET · For: 9/29/22 · As: 10% Owner · Accession #: 1104659-22-105415 · File #: 1-32733

Previous ‘4’: ‘4’ on 9/28/22 for 9/26/22 · Next: ‘4’ on 10/12/22 for 10/10/22 · Latest: ‘4’ on 4/18/24 for 4/16/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34

Filing Table of Contents