Apollo Commercial Real Estate Finance, Inc.

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.

Apollo Commercial Real Estate Finance, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on July 9, 2026. Shareholders will vote on the election of eight directors, a reduction from the current nine, as one director is not seeking re-election. Other proposals include the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the 2026 fiscal year and an advisory vote on named executive officer compensation.

Apollo Commercial Real Estate Finance, Inc. announced that Scott S. Prince, a director on its Board of Directors, will not seek re-election at the upcoming annual meeting of stockholders. The company clarified that Mr. Prince's decision was not a result of any dispute or disagreement regarding the company's operations, policies, or practices.

Apollo Commercial Real Estate Finance, Inc. (ARI) filed a Form 10-K/A to provide Part III information previously omitted from its original 10-K. This amendment details the company's Board of Directors, executive compensation, security ownership, and corporate governance practices. It highlights the nine-member board, its committees, and the establishment of a Special Committee in August 2025 to evaluate the potential sale of its commercial real estate loan portfolio to Athene Holding Ltd. The filing also includes Rule 13a-14(a) certifications.

Apollo Commercial Real Estate Finance, Inc. (ARI) reported Q1 2026 net income available to common stockholders of $0.16 per diluted share and Distributable Earnings of $0.22 per diluted share. The company declared a common stock dividend of $0.25 per share. Post-quarter, ARI completed the sale of its commercial real estate loan portfolio to Athene Holding Ltd. for 99.7% of total loan commitments and approved a new $150 million stock repurchase program. During Q1, ARI repurchased 2.9 million shares at an average price of $10.52, and an additional 3.9 million shares at $10.72 post-quarter.

Apollo Commercial Real Estate Finance, Inc. reported Q1 2026 net income available to common stockholders of $23.159 million, with basic and diluted EPS remaining flat at $0.16. The company's total assets grew to $10.087 billion, while net interest income saw a decline. ARI also repurchased $30.284 million of common stock during the quarter and maintained its common stock dividend at $0.25 per share.

Apollo Commercial Real Estate Finance, Inc. announced that its Board of Directors has set May 18, 2026, as the record date for the company's 2026 Annual Meeting of Stockholders. The Annual Meeting will be held virtually on July 9, 2026, at 10:00 am Eastern Time. Further details regarding the virtual meeting will be provided in the ARI 2026 proxy statement.

Apollo Commercial Real Estate Finance, Inc. (ARI) has entered into an Amended and Restated Management Agreement with ACREFI Management, LLC, effective April 24, 2026. This new agreement revises the base management fee structure, introducing a performance-based component and shifting the payment method primarily to Company Common Stock. The fee will be 0.75% of stockholders' equity if the annualized return on equity (ROE) is below 7.5%, and 1.5% if ROE is 7.5% or higher.

Apollo Commercial Real Estate Finance (ARI) completed the sale of its $9 billion commercial real estate loan portfolio to Athene Holding Ltd. The transaction, approved by stockholders on April 21, 2026, resulted in ARI's total assets, primarily cash, totaling $2.2 billion, with a book value per share of approximately $12.05. Management believes the sale delivered a compelling premium to stockholders and is now evaluating new commercial real estate strategies, with a 50% reduction in the annual management fee paid in stock during this period.