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.
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 the new CUSIP number for its preferred stock will be 00489Q201. No action is required by existing shareholders with respect to the name change.