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ACRES Commercial Realty Corp.
Ticker Symbol: ACR CUSIP: 00489Q102 Previous CUSIP: 30068N105 Exchange: NYSE
Feb. 16, 2021 -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company"), focused on originating, holding and managing commercial real estate mortgage loans and other commercial real estate-related debt investments, announced today that its name change from "Exantas Capital Corp." is effective.
As of tomorrow, February 17, 2021, its common shares will trade on the New York Stock Exchange under the symbol "ACR" and its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock ("preferred stock") will trade under the symbol "ACR-C." The new CUSIP number for the Company's common stock is 00489Q102, and the new CUSIP number for its preferred stock is 00489Q201. Additionally, its 3-for-1 reverse stock split is effective as of the market close on February 16, 2021. March 25, 2020 -- Exantas Capital Corp. (NYSE:XAN) (the "Company") announced today that, due to the turmoil in the financial markets resulting from the global pandemic of the COVID-19 virus, the Company and its subsidiaries have received margin calls from CMBS repo financing counterparties. As of the close of business on March 23, 2020, the Company did not meet all of its margin calls. The Company has requested that its CMBS repo financing counterparties forbear from exercising rights under the applicable agreements to allow the Company to evaluate its options for responding to the current situation.The Board of Directors of the Company has rescinded the Company's previously announced cash dividend of $0.275 per common share for shareholders of record on March 31, 2020 and the cash dividend in the amount of $0.539063 per share on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock for shareholders of record on April 30, 2020 due to the events described above and the uncertainties in the market resulting from the COVID-19 pandemic. August 31, 2015 -- Resource Capital Corp. (NYSE: RSO) announced today disclosed a one-for-four reverse stock split of the Company's common stock with a new CUSIP of 76120W708 effective 9/1/2015.
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Company's Online Profile
BUSINESS: ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate ("CRE") mortgage loans and other commercial real estate-related debt investments. 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, office, industrial and other asset types in top US markets.
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Find All Related Securities for ACR
Previous Ticker Symbol: XAN Changed: 2/17/2021
Previous Name: Exantas Capital Corp. Changed: 2/18/2021
Small Cap Stock -
Market Value $ Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 390 RXR Plaza, Uniondale, NY 11596 |
Main Phone Number |
516-535-0015 |
Fax Number |
Not Available |
Investor Contact (CFO)
David Bryant
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516-862-2385
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CEO - Mark Fogel |
CFO - David J. Bryant |
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