m_and_a
confidence high
sentiment neutral
materiality 0.85
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.
item 5.07