Apollo Commercial Real Est. Finance Inc : Apollo Commercial Real Estate Finance, Inc. Announces 2011 Dividend Income Tax Treatment
January 27, 2012 at 10:32 pm
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NEW YORK, NY, Jan 27, 2012 (MARKETWIRE via COMTEX) --Apollo
Commercial Real Estate Finance, Inc. (the
"Company") (NYSE: ARI) announced today the
estimated Federal income tax treatment of the Company's
2011 distributions on its common stock (CUSIP #03762U105).
The Federal income tax classification of the 2011
distributions as it is expected to be reported on Form
1099-DIV is set forth in the following table:
----------- ----------- ------------- ------------ ------------ ------------
Total Ordinary Return of
Payable Distribution Income Per Capital Per Capital Gain
Record Date Date Per Share Share Share Per Share
----------- ----------- ------------- ------------ ------------ ------------
12/31/2010 1/12/2011 $ 0.40 $ 0.3316 $ 0.0684 $ -
3/31/2011 4/12/2011 $ 0.40 $ 0.3316 $ 0.0684 $ -
6/30/2011 7/12/2011 $ 0.40 $ 0.3316 $ 0.0684 $ -
9/30/2011 10/12/2011 $ 0.40 $ 0.3316 $ 0.0684 $ -
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
commercial real estate finance company that originates,
invests in, acquires and manages senior performing
commercial real estate mortgage loans, commercial
mortgage-backed securities, and other commercial real
estate-related debt investments in the U.S. The Company is
externally managed and advised by ACREFI Management, LLC, a
Delaware limited liability company, an indirect subsidiary
of Apollo Global Management, LLC. 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; 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.
CONTACT:
Stuart Rothstein
(212) 822-0722
SOURCE: Apollo Commercial Real Estate Finance, Inc.
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Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Companyâs principal business objective is to acquire its target assets in order to provide attractive risk-adjusted returns to its stockholders over the long term, primarily through dividends and secondarily through capital appreciation. Its investment strategy is to identify opportunities within its target assets through its manager and its affiliates as well as their platform, which integrates real estate experience with private equity and capital markets in transaction sourcing, underwriting, execution, asset operation, management and disposition. Its target assets are secured by real estate throughout the United States and Europe. The Company is externally managed and advised by ACREFI Management, LLC.