ACRES Commercial Realty enters into equity distribution agreement for up to 2.2M Series D Preferred shares

ACRES Commercial Realty Corp.

Agreement with JonesTrading Institutional Services to sell up to 2.2M shares of 7.875% Series D Cumulative Redeemable Preferred Stock.
Sales may be made as at-the-market offerings directly on NYSE or other trading markets for the shares.
Company will pay JonesTrading a commission up to 3.0% of gross proceeds from sales.
Company has no obligation to sell and may suspend solicitations at any time.
Effective October 4, 2021; accompanied by legal opinion exhibits on legality and tax matters.

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