Bay Street News

Arbor Realty Trust Announces Tax Treatment of 2018 Dividends

UNIONDALE, N.Y., Jan. 31, 2019 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (NYSE: ABR), today announced the tax treatment of 2018 dividend distributions for its common and preferred shares of beneficial interest.

The special dividend paid in a combination of cash and common shares on January 31, 2019 is included in the allocation below and is taxable for the 2018 tax year. For tax reporting purposes, 100% of the distributions paid on Arbor Realty Trust common stock during 2018 will be classified as dividend income (of which 100% are non-qualified dividends). The 2018 taxable distributions with respect to Arbor Realty Trust’s common stock traded under ticker symbol ABR are summarized as follows:

Common Shares (CUSIP #038923108)
Record Date   Payment
Date
  Total
Distribution
Per Share
  Non-Qualified
Dividend
  Qualified
Dividend
  Capital Gain
Distribution
3/8/2018   3/21/2018   $0.21   $0.21   $0.00   $0.00
5/15/2018   5/31/2018   0.25   0.25   0.00   0.00
8/15/2018   8/31/2018   0.25   0.25   0.00   0.00
11/15/2018   11/30/2018   0.27   0.27   0.00   0.00
12/28/2018   1/31/2019   0.15   0.15   0.00   0.00
        $1.13   $1.13   $0.00   $0.00
                     

The 2018 taxable distributions with respect to Arbor Realty Trust’s 8.25% Series A Cumulative Redeemable Preferred Stock traded under ticker symbol ABR-PA are summarized as follows:

8.25% Series A Cumulative Redeemable Preferred Stock (CUSIP # 038923603)
Record Date   Payment
Date
  Total
Distribution
Per Share
  Non-Qualified
Dividend
  Qualified
Dividend
  Capital Gain
Distribution
2/15/2018   2/28/2018   $0.515625   $0.515625   $ 0.00   $ 0.00
5/15/2018   5/31/2018     0.515625     0.515625    0.00    0.00
8/15/2018   8/31/2018     0.515625     0.515625    0.00    0.00
11/15/2018   11/30/2018     0.515625     0.515625    0.00    0.00
        $2.062500   $2.062500   $ 0.00   $ 0.00
                     

The 2018 taxable distributions with respect to Arbor Realty Trust’s 7.75% Series B Cumulative Redeemable Preferred Stock traded under ticker symbol ABR-PB are summarized as follows:

7.75% Series B Cumulative Redeemable Preferred Stock (CUSIP # 038923702)
Record Date   Payment
Date
  Total
Distribution
Per Share
  Non-Qualified
Dividend
  Qualified
Dividend
  Capital Gain
Distribution
2/15/2018   2/28/2018   $0.484375   $0.484375   $ 0.00   $ 0.00
5/15/2018   5/31/2018     0.484375     0.484375    0.00    0.00
8/15/2018   8/31/2018     0.484375     0.484375    0.00    0.00
11/15/2018   11/30/2018     0.484375     0.484375    0.00    0.00
        $1.937500   $1.937500   $ 0.00   $ 0.00
                     

The 2018 taxable distributions with respect to Arbor Realty Trust’s 8.50% Series C Cumulative Redeemable Preferred Stock traded under ticker symbol ABR-PC are summarized as follows:

8.50% Series C Cumulative Redeemable Preferred Stock (CUSIP # 038923801)
Record Date   Payment
Date
  Total
Distribution
Per Share
  Non-Qualified
Dividend
  Qualified
Dividend
  Capital Gain
Distribution
2/15/2018   2/28/2018   $0.53125   $0.53125   $ 0.00   $ 0.00
5/15/2018   5/31/2018     0.53125     0.53125    0.00    0.00
8/15/2018   8/31/2018     0.53125     0.53125    0.00    0.00
11/15/2018   11/30/2018     0.53125     0.53125    0.00    0.00
        $2.12500   $2.12500   $ 0.00   $ 0.00
                     

Note: Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Arbor Realty Trust, Inc. dividend distributions.

About Arbor Realty Trust, Inc.

Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, seniors housing, healthcare, and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in Fannie Mae, Freddie Mac, and other government-sponsored enterprises, as well as CMBS, bridge, mezzanine, and preferred equity lending. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality, and flexibility, and dedicated to providing our clients excellence over the entire life of a loan.

Safe Harbor Statement

Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.  These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor can give no assurance that its expectations will be attained.  Factors that could cause actual results to differ materially from Arbor’s expectations include, but are not limited to, continued ability to source new investments, changes in interest rates and/or credit spreads, changes in the real estate markets, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2017 and its other reports filed with the SEC. Such forward-looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.

Contacts: Investors:
Arbor Realty Trust, Inc. The Ruth Group
Paul Elenio, Chief Financial Officer  Lee Roth
516-506-4422 646-536-7012
pelenio@arbor.com  lroth@theruthgroup.com 
   
Media:  
Bonnie Habyan, EVP of Marketing  
516-506-4615  
bhabyan@arbor.com