Arbor Realty Trust announces $50 million common stock repurchase program

ARBOR REALTY TRUST INC

Board authorized repurchase of up to $50 million of common stock in open market or private transactions.
Program has no time limit and may be suspended, modified, or discontinued at any time.
Company authorized to establish Rule 10b5-1 trading plans for repurchases.
Repurchases depend on stock price, market conditions, and legal requirements.
No obligation to acquire any specific amount of shares.

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