APOLLO COMMERCIAL REAL ESTATE FINANCE, INC. ANNOUNCES PREFERRED DIVIDEND
March 16 2020 - 8:00AM
Apollo Commercial Real Estate Finance, Inc. (the “Company”)
(NYSE:ARI) today announced the Board of Directors declared a cash
dividend on the Company’s 8.00% 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, 2020 to, but not including, April 15, 2020. The Series
B Preferred dividend is payable on April 15, 2020 to Series B
Preferred stockholders of record as of March 31, 2020.
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
first mortgage loans, subordinate financings 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, Inc., a leading global alternative
investment manager with approximately $331 billion of assets under
management at December 31, 2019.
Additional information can be found on the
Company's website at www.apolloreit.com.
Forward-Looking
StatementsCertain 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.
CONTACT: |
Hilary Ginsberg |
|
Investor Relations |
|
(212) 822-0767 |
|
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