Apollo Commercial Real Estate Finance, Inc. Announces Preferred Dividends
March 14 2017 - 4:15PM
Business Wire
Apollo Commercial Real Estate Finance, Inc. (the “Company”)
(NYSE:ARI) today announced the Board of Directors declared a cash
dividend on the Company’s 8.625% Series A Cumulative Redeemable
Perpetual Preferred Stock (the “Series A Preferred”) of $0.5391 per
share for the quarterly period from January 15, 2017 to, but not
including, April 15, 2017. The Series A Preferred dividend is
payable on April 17, 2017 to Series A Preferred stockholders of
record as of March 31, 2017.
In addition, the Board of Directors declared a cash dividend on
the Company’s 8.00% Fixed to Floating Series B Cumulative
Redeemable Perpetual Preferred Stock (the “Series B Preferred”) of
$0.50 per share for the quarterly period from January 15, 2017 to,
but not including, April 15, 2017. The Series B Preferred dividend
is payable on April 17, 2017 to Series B Preferred stockholders of
record as of March 31, 2017.
Finally, the Board of Directors declared a cash dividend on the
Company’s 8.00% Series C Cumulative Redeemable Perpetual Preferred
Stock (the “Series C Preferred”) of $0.50 per share for the period
from January 31, 2017 to, but not including, April 28, 2017. The
Series C Preferred dividend is payable on April 28, 2017 to Series
C Preferred stockholders of record as of March 31, 2017.
About Apollo Commercial Real Estate Finance, Inc.
Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) is a real
estate investment trust that primarily originates, acquires,
invests in and manages performing commercial real estate mortgage
loans, subordinate financings, CMBS 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 $191.7 billion of assets under management at December
31, 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; the Company’s ability to deploy the proceeds of
its capital raises or acquire its target 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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version on businesswire.com: http://www.businesswire.com/news/home/20170314005249/en/
Apollo Commercial Real Estate Finance, Inc.Investor
RelationsHilary Ginsberg, 212-822-0767
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