ACRES Commercial Realty Corp. Reauthorizes an Additional $5 Million Share Repurchase Program

Group 1 - The Company announced the authorization of an additional $5 million for its existing share repurchase program for both common and preferred stock [1] - The share repurchase will be conducted through various methods including open market purchases and privately-negotiated transactions, in compliance with federal securities laws [1] - The timing and amount of shares repurchased will be determined by the Company's management based on market conditions and other factors [2] Group 2 - ACRES Commercial Realty Corp. is a real estate investment trust focused on originating, holding, and managing commercial real estate mortgage loans and equity investments [3] - The Company is externally managed by ACRES Capital, LLC, which specializes in middle market commercial real estate lending across various property types in top U.S. markets [3]