Q - ACRES Commercial Realty
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
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Item 5. Other Information
During the three months ended June 30, 2025, no director or officer of the Company adopted, modified orterminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.
JPMorgan Chase Amendment
On August 1, 2025, we entered into Amendment No. 7 to Guarantee, by and between the Company and JPMorgan Chase Bank, NA, which makes certain amendments and modifications to the Guarantee, dated October 26, 2018 between the Company and JPMorgan Chase, as amended (the "JPM Guarantee") to amend the terms of the debt service coverage period. The foregoing description of the Amendment No. 7 to Guarantee does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment No. 7 to Guarantee, which has been filed with this Current Report on Form 10-Q as Exhibit 99.1(l).
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