Apollo Commercial Real Estate Finance, Inc. Announces 2024 Dividend Income Tax Treatment
24 Janeiro 2025 - 10:30AM
Apollo Commercial Real Estate Finance, Inc. (the “Company” or
“ARI”) (NYSE:ARI) today announced the estimated federal income tax
treatment of the Company’s 2024 distributions on its common stock
(CUSIP #03762U105) and its 7.25% Series B-1 Cumulative Redeemable
Perpetual Preferred Stock.
The federal income tax classification of the 2024 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 ($ per
share):
Record Date |
Payable Date |
Total Distribution Per Share |
Ordinary Dividend |
Qualified Dividend |
Non-dividend Distribution |
Section 199A Dividend(1) |
12/29/2023 |
01/12/2024 |
$0.35000 |
$0.151978 |
$0.009218 |
$0.198022 |
$0.142760 |
03/28/2024 |
04/15/2024 |
$0.35000 |
$0.151978 |
$0.009218 |
$0.198022 |
$0.142760 |
06/28/2024 |
07/15/2024 |
$0.35000 |
$0.151978 |
$0.009218 |
$0.198022 |
$0.142760 |
09/30/2024 |
10/15/2024 |
$0.25000 |
$0.108555 |
$0.006584 |
$0.141445 |
$0.101971 |
(1) May be eligible for a 20% deduction under Section 199A of
the Internal Revenue Code of 1986, as amended (the “IRC”).
Stockholders are encouraged to consult with their own tax advisors
as to their specific tax treatment of the Company's
distributions.
The federal income tax classification of the 2024 distributions
on the Company’s 7.25% Series B-1 Cumulative Redeemable Perpetual
Preferred Stock as it is expected to be reported on Form 1099-DIV
is set forth in the following table ($ per share):
Record Date |
Payable Date |
Total Distribution Per Share |
Ordinary Dividend |
Qualified Dividend |
Non-dividend Distribution |
Section 199A Dividend |
03/28/2024 |
04/15/2024 |
$0.453125 |
$0.453125 |
$0.027483 |
- |
$0.425642 |
06/28/2024 |
07/15/2024 |
$0.453125 |
$0.453125 |
$0.027483 |
- |
$0.425642 |
09/30/2024 |
10/15/2024 |
$0.453125 |
$0.453125 |
$0.027483 |
- |
$0.425642 |
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Pursuant to Section 857(b)(9) of the IRC, cash
distributions made on January 15, 2025, with a record date of
December 31, 2024, are treated as received by stockholders on
December 31, 2024 to the extent of 2024 earnings and profits. As
the Company’s aggregate 2024 cash distributions exceeded its 2024
earnings and profits, the January 2025 cash distributions declared
in December 2024 are treated as 2025 distributions for federal
income tax purposes and are not included on the 2024 Form
1099-DIV.
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, 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 high-growth, global alternative asset manager
with approximately $733 billion of assets under management as of
September 30, 2024.
Additional information can be found on the
Company's website at www.apollocref.com. Please note that our URL
address has changed.
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: high interest rates and inflation; market trends
in the Company’s industry, real estate values, the debt securities
markets or the general economy; the timing and amounts of expected
future fundings of unfunded commitments; 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: |
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Hilary GinsbergInvestor Relations
(212) 822-0767 |
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