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NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) -- 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.