ACRES Commercial Realty closes $53.3M follow-on offering of 7.875% Series D Preferred Stock

ACRES Commercial Realty Corp.

Offered 2,200,000 shares (including partial over-allotment) of 7.875% Series D Cumulative Redeemable Preferred Stock.
Net proceeds of $53,267,500; to be used for loan originations and general corporate purposes.
Underwriting agreement with Raymond James & Associates, Inc. dated June 28, 2021; offering closed June 30, 2021.

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