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ACR-D ACRES Commercial Realty Corp. 7.875% Series D Cumulative Preferred

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. At any time or from time to time on or after May 21, 2026, we may, at our option, redeem the Series D Preferred Stock, in whole or in part, at a price of $25.00 per share of Series D Preferred Stock plus accrued and unpaid distributions (whether or not declared), if any.  This security was issued by ACRES Commercial Realty Corp., whose common stock symbol is ACR.

$18.96  -0.52 (-2.67%)
As of 03/24/2023 16:00:00 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  REIT—Mortgage
Index country:  USA
Country of incorporation:  USA
IPO date:  05/17/2021
Outstanding shares:  2,400,000
Average volume:  3,225
Market cap:   $47,736,000
Current dividend yield:  9.90%    calculation
Coupon rate:    7.875%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   05/21/2026
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K

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