6 thoughts on “ACRES Commercial Realty Reopening Preferred Issue”

  1. Is it just me or does it seem that alot of junky companies are issuing new paper right now??? Look up the last 15 or 20 and I think you’ll see what I mean. Iam a holder and not a flipper so I don’t jump in and out of these things. And now with a large % of workers getting to work from home on a permanent basis I just can’t get excited about commercial real estate buildings.

  2. ACR-C is a better deal. I bought 200 when the new one came out and may buy more for the dividend capture this week. ACR nearly died last year I’d need more research before calling it a Hold.

      1. According to QOL, after ACR-C call/float date, 7/30/24, the MINIMUM coupon is the original 8.625% So I would assume it will be called then, assuming they have the cash (and apparently they can raise it with cheaper new issues).

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