ACRES Commercial Realty Declares April 30 Dividends of $0.5996 and $0.4922
ACRES Commercial Realty declared $0.599615 per share dividend on its 8.625% Fixed-to-Floating Series C redeemable preferred stock, reflecting a 9.59384% SOFR-based rate plus a 5.927% spread, and $0.4921875 per share on its 7.875% Series D preferred stock. Payments are due April 30 to holders of record on April 1, 2026.
1. Dividend Declaration
ACRES Commercial Realty Corp.'s board declared quarterly cash dividends on its Series C and Series D cumulative redeemable preferred stocks, to be paid April 30, 2026 to holders of record on April 1, 2026.
2. Series C Dividend Details
The 8.625% Fixed-to-Floating Series C preferred stock dividend is $0.599615 per share, reflecting a 9.59384% rate equal to three-month Term SOFR on the determination date plus a 5.927% spread per annum.
3. Series D Dividend Details
The 7.875% Series D cumulative redeemable preferred stock dividend is $0.4921875 per share, with no adjustable rate component, payable on the same schedule as Series C.
4. Company Profile
ACRES Commercial Realty Corp. is a real estate investment trust focused on originating, holding and managing commercial real estate mortgage loans and may hold equity investments through direct ownership and joint ventures, externally managed by ACRES Capital, LLC.