Management Agreement Of Exantas Capital Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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WESTBURY, N.Y., Feb. 4, 2021 /PRNewswire/ Exantas Capital Corp. (NYSE: XAN) (the Company ), a real estate investment trust that is focused on originating, holding and managing commercial real estate mortgage loans and other commercial real estate-related debt investments, announced today that effective February 16, 2021, the Company will change its name to ACRES Commercial Realty Corp. Additionally, the Board of Directors approved a 3-for-1 reverse split of the Company s common stock.
Name Change
The Company s common stock and 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock ( preferred stock ) will continue to be listed on the New York Stock Exchange, and the Company anticipates that on February 17, 2021, its common stock will begin trading under the symbol ACR and its preferred stock will begin trading under the symbol ACR PrC. The new CUSIP number for the Company s common stock following the name change will be 00489Q102, and th ....

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