Apollo Commercial Real Estate Finance, Inc. Announces 2016 Dividend Income Tax Treatment
January 27 2017 - 8:30AM
Business Wire
Apollo Commercial Real Estate Finance, Inc. (the “Company” or
“ARI”) (NYSE:ARI) today announced the estimated federal income tax
treatment of the Company’s 2016 distributions on its common stock
(CUSIP #03762U105) and on its 8.625% Series A Cumulative Redeemable
Perpetual Preferred Stock (CUSIP #03762U402), 8.00%
Fixed-to-Floating Series B Cumulative Redeemable Perpetual
Preferred Stock and 8.00% Series C Cumulative Redeemable Perpetual
Preferred Stock (CUSIP #03763V201).
The federal income tax classification of the 2016 distributions
on the Company’s common stock as it is expected to be reported on
Form 1099-DIV is set forth in the following table:
RecordDate
PayableDate
TotalDistributionPer
Share
Ordinary IncomePer Share
Return ofCapital
PerShare
Capital Gain PerShare
12/31/2015 01/15/2016 $0.46
$0.2735 - $0.1047 03/31/2016
04/15/2016 $0.46 $0.3326 - $0.1274 06/30/2016 07/15/2016 $0.46
$0.3326 - $0.1274 09/30/2016 10/17/2016 $0.46 $0.3326 - $0.1274
12/30/2016(1) 01/17/2017 $0.46 $0.0531 - $0.0203
(1) Pursuant to Section 857(b)(9) of the Internal Revenue Code
of 1986, as amended, cash distributions made on January 17, 2017 to
stockholders of record as of December 30, 2016, are treated, to the
extent of the Company’s 2016 tax earnings and profits, as received
by stockholders on December 31, 2016. Since the Company’s aggregate
cash distributions exceeded its 2016 tax earnings and profits, a
portion of the January 2017 cash distribution declared in the
fourth quarter of 2016 will be treated as a 2017 distribution for
federal income tax purposes and will not be included on the 2016
Form 1099-DIV.
The federal income tax classification of the 2016 distributions
on the Company’s 8.625% Series A Cumulative Redeemable Perpetual
Preferred stock as it is expected to be reported on Form 1099-DIV
is set forth in the following table:
RecordDate
PayableDate
TotalDistributionPer
Share
Ordinary IncomePer Share
Return ofCapital
PerShare
Capital Gain PerShare
03/31/2016 04/15/2016 $0.5391
$0.3898 - $0.1493 06/30/2016
07/15/2016 $0.5391 $0.3898 - $0.1493 09/30/2016 10/17/2016 $0.5391
$0.3898 - $0.1493 12/30/2016 01/17/2017 $0.5391 $0.3898 - $0.1493
The federal income tax classification of the 2016 distributions
on the Company’s 8.00% Fixed-to-Floating Series B Cumulative
Redeemable Perpetual Preferred stock as it is expected to be
reported on Form 1099-DIV is set forth in the following table:
RecordDate
PayableDate
TotalDistributionPer
Share
Ordinary IncomePer Share
Return ofCapital
PerShare
Capital Gain PerShare
03/31/2016 04/15/2016 $0.50
$0.3616 - $0.1384 06/30/2016
07/15/2016 $0.50 $0.3616 - $0.1384 09/30/2016 10/17/2016 $0.50
$0.3616 - $0.1384 12/30/2016 01/17/2017 $0.50 $0.3616 - $0.1384
The federal income tax classification of the 2016 distributions
on the Company’s 8.00% Series C Cumulative Redeemable Perpetual
Preferred stock as it is expected to be reported on Form 1099-DIV
is set forth in the following table:
RecordDate
PayableDate
TotalDistributionPer
Share
Ordinary IncomePer Share
Return ofCapital
PerShare
Capital Gain PerShare
09/30/2016 10/31/2016 $0.50
$0.3616 - $0.1384 12/30/2016
01/31/2017 $0.50 $0.3616 - $0.1384
Stockholders are encouraged to consult with their own tax
advisors as to their specific tax treatment of the Company's
distributions.
About Apollo Commercial Real Estate Finance, Inc.
Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) is a real
estate investment trust that primarily originates, invests in,
acquires and manages performing commercial real estate first
mortgage loans, subordinate financings, commercial mortgage-backed
securities and other commercial real estate-related debt
investments. The Company is externally managed and advised by
ACREFI Management, LLC, a Delaware limited liability company and an
indirect subsidiary of Apollo Global Management, LLC, a leading
global alternative investment manager with approximately $189
billion of assets under management as of September 30, 2016.
Additional information can be found on the Company's website at
www.apolloreit.com.
Forward-Looking Statements
Certain statements contained in this press release constitute
forward-looking statements as such term is defined in Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and such statements
are intended to be covered by the safe harbor provided by the same.
Forward-looking statements are subject to substantial risks and
uncertainties, many of which are difficult to predict and are
generally beyond the Company's control. These forward-looking
statements include information about possible or assumed future
results of the Company's business, financial condition, liquidity,
results of operations, plans and objectives. When used in this
release, the words "believe," "expect," "anticipate," "estimate,"
"plan," "continue," "intend," "should," "may" or similar
expressions are intended to identify forward-looking statements.
Statements regarding the following subjects, among others, may be
forward-looking: the return on equity; the yield on investments;
the ability to borrow to finance assets; and risks associated with
investing in real estate assets, including changes in business
conditions and the general economy. For a further list and
description of such risks and uncertainties, see the reports filed
by the Company with the Securities and Exchange Commission. The
forward-looking statements, and other risks, uncertainties and
factors are based on the Company's beliefs, assumptions and
expectations of its future performance, taking into account all
information currently available to the Company. Forward-looking
statements are not predictions of future events. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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Apollo Commercial Real Estate Finance, Inc.Hilary
Ginsberg, 212-822-0767Investor Relations
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