Apollo Commercial Real Estate Finance (ARI) Proxy Filing summary

Executive summary

• Announced sale of the loan portfolio to Athene, with focus shifting to managing and maximizing value from four retained REO assets, including a multifamily tower and two hotels.

• Leasing momentum is strong at the Brook property, with stabilization expected later this year; retail component is 88% leased.

• Cost-saving initiatives and value-add upgrades are underway at hotel assets, with insurance recoveries being pursued after a fire at the Courtland Grand.

• Actively evaluating strategic alternatives for future direction, including potential dissolution or new investment strategies.

• Dividend policy for Q1 remains consistent at $0.25 per share, with future dividends subject to board approval and strategic considerations.

Voting matters and shareholder proposals

• Proxy statement and related materials will be filed with the SEC for shareholder voting on the proposed transaction.

• Shareholders are encouraged to review proxy materials in full before voting or making investment decisions.

Board of directors and corporate governance

• Directors and executive officers, as well as certain affiliates, may be considered participants in the proxy solicitation.

• Information about directors and officers is available in the annual report and prior proxy filings.