Arbor Realty Trust Announces Approval of 1.5M Share Repurchase Program

Arbor Realty Trust, Inc. ABR announced today that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase in the aggregate up to 1.5 million shares of its outstanding common stock. At management's discretion, the shares may be acquired from time to time in the open market, through privately negotiated transactions or pursuant to a Rule 10b5-1 plan. A Rule 10b5-1 plan permits the Company to repurchase its outstanding shares at times when it might otherwise be prevented from doing so. This share repurchase program does not obligate the Company to acquire any particular amount of its outstanding shares. This share repurchase program may be suspended, modified or discontinued at any time and has no set expiration date.