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ACRES Commercial Realty Corp | 7.875% Series D Cumulative Preferred Stock (ACR.PRD)
Prospectus excerpt: We are offering 2,400,000 shares of our 7.875% Series D Cumulative Redeemable Preferred Stock, which we refer to as the Series D Preferred Stock, or the Shares. This is the initial issuance of the Series D Preferred Stock. When, as, and if authorized by our board of directors and declared by us, distributions on the Series D Preferred Stock will be payable quarterly in arrears on or about January 30, April 30, July 30, and October 30 of each year at a rate per annum equal to 7.875% per annum of the $25.00 liquidation preference. Distributions on the Shares are cumulative. The first distribution on the Series D Preferred Stock sold in this offering will be paid on July 30, 2021, will cover the period from, but not including, May 21, 2021 to, but not including, July 30, 2021 and will be in the amount of $0.377344 per share. Full Prospectus PDF », Secondary Prospectus PDF », ACR Page »
Series: | D | Alternate symbology: | ACR-D, ACR-PD, ACRprD | Redeemable?: | Yes | Call Date: | 5/21/2026 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 2,400,000 | Overallotment: | 360,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $20.58 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-4.42 (-17.68%) | Annualized Dividend: | 1.96875 | Recent Ex-Date: | 3/28/2024 | Current Yield: | 9.57% | Original Coupon: | 7.875% | Pay Period: | Quarterly | Pay Dates: | 30-Jan, 30-Apr, 30-Jul, 30-Oct | CDx3 Compliance Rating: |
Learn ACR.PRD's Rating
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ACRES Commercial Realty is a real estate investment trust. Co. is primarily focused on originating, holding and managing commercial real estate (CRE) mortgage loans and equity investments in CRE properties through direct ownership and joint ventures. Co. is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp. Co.'s CRE credit investments include: floating-rate first mortgage loans; first priority interests in first mortgage loans; subordinated interests in first mortgage loans; preferred equity investments related to CRE that are subordinate to first mortgage loans and are not collateralized by the property underlying the investment; and CRE equity investments. Preferreds: ACR.PRC, ACR.PRD Open the ACR Information Page »
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Name: |
ACRES Commercial Realty Corp |
Website: |
www.acresreit.com |
Sector: |
REITs |
Number of ETFs Holding ACR: |
5 (see which ones) |
Total Market Value Held by ETFs: |
$5,054,173 |
Total Market Capitalization: |
$105,000,000 |
% of Market Cap. Held by ETFs: |
4.81% |
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