ARI to dissolve and distribute $3.75 per share to stockholders after board deems liquidation the optimal path forward.
Apollo Commercial Real Estate Finance’s board has decided to liquidate the company’s assets and wind down operations, citing the move as the best option for stockholders. The company declared a $3.75 per share dividend as part of the dissolution process.
ARI, a real estate investment trust, had previously focused on originating and managing commercial real estate loans. The decision follows a review of strategic alternatives, though no prior consensus or market expectations were publicly disclosed for this outcome.
The announcement did not include immediate market reaction details, but the liquidation plan is expected to impact shareholders directly through the declared dividend.