ACRES Commercial Realty Corp. Declares Quarterly Cash Dividends for its Preferred Stock
ACRES Commercial Realty Corp.'s board declared quarterly cash dividends on both of its outstanding preferred stock series. The 8.625% Fixed-to-Floating Series C Preferred pays $0.610625 per share, reflecting a floating rate of 9.77% — three-month Term SOFR plus a 5.927% spread — while the 7.875% Series D Preferred pays $0.4921875 per share. Both dividends are payable October 30, 2026, to holders of record October 1, 2026.
Key figures
- Record date
- October 1, 2026
- Payable date
- October 30, 2026
- Series c coupon
- 8.625% fixed-to-floating
- Series d coupon
- 7.875%
- Series c floating rate
- 9.77%
- Series c dividend per share
- 0.610625
- Series d dividend per share
- 0.4921875
- Series c spread over 3m term sofr
- 5.927%
AI analysis
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