Apollo Commercial Real Estate Finance calls 8% series C preferreds

By Wendy Van Sickle

Columbus, Ohio, May 10 – Apollo Commercial Real Estate Finance, Inc. will redeem 6.9 million issued and outstanding shares of its 8% series C cumulative redeemable perpetual preferred stock on June 10, according to a company news release.

Holders will receive $25.2223 per preferred, which is equal to a redemption price of $25.00 per preferred plus accumulated dividends up to but excluding the redemption date.

Apollo is a real estate investment trust based in New York that originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities and other commercial real estate-related debt investments.

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