Apollo Commercial Real Estate Finance, Inc. Announces 2024 Dividend Income Tax Treatment

Core Viewpoint - Apollo Commercial Real Estate Finance, Inc. has announced the estimated federal income tax treatment of its 2024 distributions on common stock and preferred stock, providing detailed breakdowns of the distributions for shareholders [1][2][3]. Summary by Category Common Stock Distributions - The total distribution per share for common stock is set at $0.35000 for each of the record dates of December 29, 2023, March 28, 2024, and June 28, 2024, with a lower distribution of $0.25000 for the record date of September 30, 2024 [2]. - The breakdown of the distribution includes ordinary dividends of $0.151978, qualified dividends of $0.009218, non-dividend distributions of $0.198022, and Section 199A dividends of $0.142760 for the first three record dates [2]. - For the September 30, 2024 record date, the ordinary dividend is $0.108555, qualified dividend is $0.006584, non-dividend distribution is $0.141445, and Section 199A dividend is $0.101971 [2]. Preferred Stock Distributions - The total distribution per share for the 7.25% Series B-1 Cumulative Redeemable Perpetual Preferred Stock is $0.453125 for the record dates of March 28, 2024, June 28, 2024, and September 30, 2024 [3]. - The breakdown for these distributions includes ordinary dividends of $0.453125, qualified dividends of $0.027483, and Section 199A dividends of $0.425642 [3]. - Cash distributions made on January 15, 2025, with a record date of December 31, 2024, will be treated as received on December 31, 2024, due to the company's earnings and profits exceeding the cash distributions for 2024 [3]. Company Overview - Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that focuses on originating, acquiring, investing in, and managing performing commercial first mortgage loans and other commercial real estate-related debt investments [5]. - The company is externally managed and advised by ACREFI Management, LLC, which is an indirect subsidiary of Apollo Global Management, Inc., managing approximately $733 billion in assets as of September 30, 2024 [5].