SEC Filing Summary: Exantas Capital Corp. (8-K)
Business Context and Reporting Period
This Form 8-K was filed by Exantas Capital Corp. (not ACRES Commercial Realty Corp.) on May 1, 2019. The filing serves to furnish a press release regarding the Company's operating results for the three months ended March 31, 2019. The Company is incorporated in Maryland and trades on the New York Stock Exchange under the symbols XAN (Common Stock) and XANPrC (Preferred Stock).
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document acts as a cover for a press release (Exhibit 99.1) containing the actual financial data, but the text of the press release is not included in the provided input.
Material Changes
No material changes or comparative financial data are detailed in the provided text. The filing references the issuance of a press release but does not summarize the specific variances versus the prior comparable period.
Guidance, Outlook, and Risks
- Forward-Looking Statements: The filing contains standard forward-looking statements regarding future expectations, trends, and beliefs.
- Risks and Contingencies: The Company notes that actual results may differ materially from expectations due to risks, uncertainties, and contingencies. Specific risk factors are referenced as being discussed in the Company's other SEC filings under "Risk Factors" and "Management's Discussion and Analysis."
- Legal Status: The information is "furnished" and not "filed" for purposes of Section 18 of the Exchange Act, meaning it is not subject to the liabilities of that section and will not be incorporated by reference into other registration statements.
Investor Verification Checklist
- Verify the actual financial results for the quarter ended March 31, 2019, by reviewing Exhibit 99.1 (Press Release), as the 8-K text does not contain the numbers.
- Confirm the correct registrant name is Exantas Capital Corp., as the request metadata incorrectly listed ACRES Commercial Realty Corp.
- Review the Company's most recent 10-K or 10-Q filings for detailed "Risk Factors" and "Management's Discussion and Analysis" referenced in this report.
- Check the status of the 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (XANPrC) for any specific dividend or redemption announcements in the attached press release.