ARI stockholders approve $1.2B loan portfolio sale to Athene; 98.9% votes for

Apollo Commercial Real Estate Finance, Inc.

Asset Sale Proposal approved: 92,625,412 for (98.9%), 738,476 against, 366,093 abstain.
Common Stock Issuance to manager approved: 91,998,341 for, 1,368,261 against, 363,369 abstain.
Special meeting had 67.5% of outstanding shares (93.7M shares) represented.
Sale to Athene Holding Ltd. includes commercial real estate loan portfolio under Purchase Agreement dated Jan 27, 2026.
Manager will receive stock in lieu of cash per amended management agreement upon closing of asset sale.

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