NEW YORK, Dec. 12, 2018 (GLOBE NEWSWIRE) -- 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 October 15, 2018 to, but not including, January 15, 2019. The Series B Preferred dividend is payable on January 15, 2019 to Series B Preferred stockholders of record as of December 31, 2018.
In addition, 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 October 31, 2018 to, but not including, January 31, 2019. The Series C Preferred dividend is payable on January 31, 2019 to Series C Preferred stockholders of record as of December 31, 2018.
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 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 $270 billion of assets under management at September 30, 2018.
Additional information can be found on the Company's website at www.apolloreit.com.
CONTACT: Hilary Ginsberg
Investor Relations
(212) 822-0767
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