ARI Apollo Commercial Real Estate Finance Inc

Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today announced the estimated Federal income tax treatment of the Company’s 2014 distributions on its common stock (CUSIP #03762U105) and on its 8.625% Series A Cumulative Redeemable Perpetual Preferred stock (CUSIP #03762U402).

The Federal income tax classification of the 2014 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:

                                         

Record

Date

     

Payable

Date

     

Total

Distribution

Per Share

     

Ordinary Income

Per Share

     

Return of

Capital Per

Share

     

Capital Gain Per

Share

12/31/2013       01/13/2014       $0.40       $0.4000       -       - 03/31/2014 04/15/2014 $0.40 $0.4000 - - 06/30/2014 07/15/2014 $0.40 $0.4000 - - 09/30/2014 10/15/2014 $0.40 $0.4000 - - 12/31/2014(1) 01/15/2015 $0.40 $0.0420 - -  

(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 15, 2015 with a record date of December 31, 2014 are treated as received by shareholders on December 31, 2014, to the extent of the Company’s tax earnings and profits for 2014. Since the Company’s aggregate 2014 cash distributions exceeded its tax earnings and profits, a portion of the January 2015 cash distribution declared in the fourth quarter of 2014 will be treated as a 2015 distribution for federal income tax purposes and is not included on the 2014 Form 1099.

The Federal income tax classification of the 2014 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:

                                         

Record

Date

     

Payable

Date

     

Total

Distribution

Per Share

     

Ordinary Income

Per Share

     

Return of

Capital Per

Share

     

Capital Gain Per

Share

03/31/2014       04/15/2014       $0.5391       $0.5391       -       - 06/30/2014 07/15/2014 $0.5391 $0.5391 - - 09/30/2014 10/15/2014 $0.5391 $0.5391 - - 12/31/2014 01/15/2015 $0.5391 $0.5391 - -  

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 first 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 $164 billion of assets under management at September 30, 2014.

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.

Apollo Commercial Real Estate Finance, Inc.Hilary Ginsberg, 212-822-0767Investor Relations