{"id":827244,"date":"2025-03-18T16:21:59","date_gmt":"2025-03-18T20:21:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/acres-commercial-realty-corp-declares-quarterly-cash-dividends-for-its-preferred-stock-6\/"},"modified":"2025-03-18T16:21:59","modified_gmt":"2025-03-18T20:21:59","slug":"acres-commercial-realty-corp-declares-quarterly-cash-dividends-for-its-preferred-stock-6","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/acres-commercial-realty-corp-declares-quarterly-cash-dividends-for-its-preferred-stock-6\/","title":{"rendered":"ACRES Commercial Realty Corp. Declares Quarterly Cash Dividends for its Preferred Stock"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n UNIONDALE, N.Y.<\/span>
\n <\/span>, March 18, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0ACRES Commercial Realty Corp.\u00a0(NYSE: ACR) (the “Company”) announced today that its Board of Directors declared cash dividends on its Preferred Stock.<\/p>\n

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\n
\n \"(PRNewsfoto\/ACRES
\n <\/a>\n <\/p>\n<\/p><\/div>\n

The Company will pay a cash dividend on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”) in the amount of\u00a0$0.6383681 per share, which reflects a rate of 10.21389%, equal to three-month Term SOFR on the dividend determination date plus a spread of 5.927% per annum. The dividend will be payable on April 30<\/span>, 2025,\u00a0to holders of record on\u00a0April 1, 2025.<\/p>\n

The Company will also pay a cash dividend on its 7.875% Series D Cumulative Redeemable Preferred Stock in the amount of $0.4921875<\/span> per share. The dividend will be payable on April 30<\/span>, 2025,\u00a0to holders of record on\u00a0April 1, 2025.<\/p>\n

\n About ACRES Commercial Realty Corp.<\/b>\n <\/p>\n

ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and may hold equity investments in commercial real estate properties 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 exclusively dedicated to nationwide middle market CRE lending with a focus on multifamily, student housing, hospitality, industrial and office property in top U.S. markets. For more information, please visit the Company’s website at\u00a0www.acresreit.com<\/a><\/b>\u00a0or contact investor relations at\u00a0IR@acresreit.com<\/a><\/b>.<\/p>\n

\n Forward-Looking Statements<\/b>\n <\/p>\n

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 terminology such as “may,” “trend,” “will,” “continue,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “look forward” or other similar words or terms. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. Factors that can affect future results are discussed in the documents filed by\u00a0the Company\u00a0from time to time with the\u00a0Securities and Exchange Commission.\u00a0The Company\u00a0undertakes 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 unanticipated events, except as may be required by law.<\/p>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/acres-commercial-realty-corp-declares-quarterly-cash-dividends-for-its-preferred-stock-302404808.html<\/a><\/p>\n

SOURCE ACRES Commercial Realty Corp.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire UNIONDALE, N.Y. , March 18, 2025 \/PRNewswire\/ —\u00a0ACRES Commercial Realty Corp.\u00a0(NYSE: ACR) (the “Company”) announced today that its Board of Directors declared cash dividends on its Preferred Stock. The Company will pay a cash dividend on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”) in the amount of\u00a0$0.6383681 per share, which reflects a rate of 10.21389%, equal to three-month Term SOFR on the dividend determination date plus a spread of 5.927% per annum. The dividend will be payable on April 30, 2025,\u00a0to holders of record on\u00a0April 1, 2025. The Company will also pay a cash dividend on its 7.875% Series D Cumulative Redeemable Preferred Stock in the amount of $0.4921875 per share. The … <\/p>\n

Continue reading “ACRES Commercial Realty Corp. Declares Quarterly Cash Dividends for its Preferred Stock”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-827244","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nACRES Commercial Realty Corp. 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The Company will pay a cash dividend on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”) in the amount of\u00a0$0.6383681 per share, which reflects a rate of 10.21389%, equal to three-month Term SOFR on the dividend determination date plus a spread of 5.927% per annum. The dividend will be payable on April 30, 2025,\u00a0to holders of record on\u00a0April 1, 2025. The Company will also pay a cash dividend on its 7.875% Series D Cumulative Redeemable Preferred Stock in the amount of $0.4921875 per share. The … Continue reading "ACRES Commercial Realty Corp. 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