ACRES Commercial Realty Corp. – GuruFocus.com

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UNIONDALE, NY, June 8, 2022 /PRNewswire/ — ACRES Commercial Realty Corp. (NYSE: ACR) (the “Company”) today announced that its board of directors has declared cash dividends on its preferred stock.

The Company will pay a cash dividend on its 8.625% Fixed to Floating Cumulative Redeemable Preferred Shares Series C in the amount of $0.5390625 per share. The dividend will be paid on August 1, 2022 to holders of record on July 1, 2022.

The Company will also pay a cash dividend on its 7.875% Series D Cumulative Redeemable Preferred Shares in the amount of $0.4921875 per share. The dividend will be payable on August 1, 2022to holders of a file on July 1, 2022.

About ACRES Commercial Realty Corp.

ACRES Commercial Realty Corp. is a real estate investment trust primarily focused on originating, holding and managing commercial real estate mortgages and equity investments in commercial real estate through direct ownership and joint ventures. The company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender dedicated exclusively to middle-market CRE lending nationwide, with an emphasis on multifamily, student housing, hotels, industrial and office properties in the best US markets. For more information, please visit the Company’s website at www.acresreit.com or contact Investor Relations at [email protected].

Forward-looking statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking words such as “may”, “trend”, “will”, “continue”, “expect”, “intend”, “anticipate”. , ‘esteem’, ‘believe’, ‘look forward’ or other similar words or terms. Because these statements involve risks, uncertainties and contingencies, actual results may differ materially from any future expectations, intentions, beliefs, plans or predictions expressed or implied by these forward-looking statements. Factors that may affect future results are discussed in documents filed by the Company from time to time with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statement to reflect new or changing information or events after the date hereof or to reflect the occurrence of unforeseen events, except as required by law.

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SOURCE ACRES Commercial Realty Corp.

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