Apollo Commercial Real Estate Finance declared a quarterly common stock dividend of $3.75 per share, payable July 15, 2026 to shareholders of record on June 30, 2026. The company said the dividend will be predominately classified as return of capital.
The bigger move was strategic: after reviewing alternatives, the board determined that dissolving the company, liquidating its assets and winding down operations is advisable and in the best interest of the company and its stockholders. Ari said it plans to file a preliminary proxy statement with the SEC asking shareholders to approve a plan of complete liquidation and dissolution.
The company said the plan would authorize it to sell its remaining properties, wind down its affairs and distribute the net proceeds to stockholders. The board also said it can still terminate, modify or amend the plan at its discretion and pursue a different strategic alternative, including a merger or business combination, without stockholder approval.
CEO Stuart Rothstein tied the decision to the completion of the company’s loan portfolio sale in April, saying the board reviewed a broad range of real estate-related strategies before deciding that dissolution was the best path. Today the company's shares have moved 2.02% to a price of $10.875. For more information, read the company's full 8-K submission here.
