Apollo Commercial Real Estate Finance, Inc. Announces 2023 Dividend Income Tax Treatment
NEW YORK, Jan. 22, 2024 (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 2023 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 2023 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) | |||||
12/30/2022 | 01/13/2023 | $0.231500 | $0.194563 | $0.001835 | $0.036937 | $0.192728 | |||||
03/31/2023 | 04/14/2023 | $0.350000 | $0.294156 | $0.002774 | $0.055844 | $0.291382 | |||||
06/30/2023 | 07/14/2023 | $0.350000 | $0.294156 | $0.002774 | $0.055844 | $0.291382 | |||||
09/29/2023 | 10/13/2023 | $0.350000 | $0.294156 | $0.002774 | $0.055844 | $0.291382 |
(1) May be eligible for a 20% deduction under IRC Section 199A. Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.
The federal income tax classification of the 2023 distributions on the Company’s 7.25% Series B-1 Cumulative Redeemable Perpetual Preferred stock as it is expected to be reported on Form 1099-DIV is set forth in the following table ($ per share):
Record Date | Payable Date | Total Distribution Per Share | Ordinary Dividend | Qualified Dividend | Non-dividend Distribution | Section 199A Dividend | |||
03/31/2023 | 4/14/2023 | $0.453125 | $0.453125 | - | - | $0.453125 | |||
06/30/2023 | 7/15/2023 | $0.453125 | $0.453125 | - | - | $0.453125 | |||
09/29/2023 | 10/15/2023 | $0.453125 | $0.453125 | - | - | $0.453125 | |||
12/29/2023 | 01/15/2024 | $0.453125 | $0.453125 | - | - | $0.453125 |
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Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.