ACRES Commercial Realty., 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock

Name (and tickers) changed to ACRE Commercial Realty 2/17/2021 instead of Exantus

9/21/2020 Dividends have been reinstated and cumulative dividends have been paid

Dividend suspended 3/2020 because of asset damage caused by Covid 19.

PREVIOUSLY WAS RESOURCE CAPITAL
Coupon will remain at 8.625% until 7/30/2024 at which time it will float at a rate of 3 month Libor plus a spread of 5.927%. Once the coupon reachs the floating rate period the coupon will NOT move below 8.625%–this is the “floor”