Corporate ActionJun 15, 2026, 04:31 PM
Apollo Commercial Real Estate Finance Board Advises Dissolution
AI Summary
Apollo Commercial Real Estate Finance, Inc. announced its Board of Directors determined that the dissolution of the Company, liquidation of its assets, and winding down of its business are advisable and in the best interest of stockholders. The Company plans to file a preliminary proxy statement for a complete liquidation and dissolution plan, which will require stockholder approval. Additionally, the Board declared a dividend of $3.75 per share of common stock, payable on July 15, 2026, which will be predominantly classified as a return of capital.
Key Highlights
- Apollo Commercial Real Estate Finance Board determined dissolution and liquidation of assets are advisable.
- Company intends to file a preliminary proxy statement for a complete liquidation and dissolution plan.
- The plan requires stockholder approval to sell properties, wind down affairs, and distribute net proceeds.
- Board declared a dividend of $3.75 per share of common stock.
- Dividend is payable on July 15, 2026, to stockholders of record on June 30, 2026.
- The dividend payment will be predominately classified as return of capital.
Price Impact
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