Apollo Commercial Real Estate Finance Sets NYSE Delisting Date
Apollo Commercial Real Estate Finance, Inc. (ARI) has provided an update on its plan to wind down operations and voluntarily delist from the New York Stock Exchange. The company plans to file Form 25 with regulators around October 27, 2026, with the final day of trading expected on November 6, 2026. Stockholders previously approved the liquidation and dissolution strategy on September 29, 2026.
Following delisting, the company intends to transfer its remaining assets and liabilities to a newly created Maryland statutory trust and deregister with the Securities and Exchange Commission on November 9, 2026. Shareholders will receive beneficial interests in the liquidating trust on a one-for-one basis. These interests will not trade on any exchange and generally cannot be transferred, restricting secondary market sales.
The trust will work to manage and sell off remaining commercial real estate debt investments in an orderly manner. Net proceeds will be distributed to interest holders after settling outstanding liabilities. ACREFI Management, LLC is expected to handle day-to-day operations, while the trust's board will determine the timing and amounts of future payouts.
Key points
- Apollo Commercial Real Estate Finance expects its last day of NYSE trading to be November 6, 2026.
- Remaining assets and liabilities will be transferred to a Maryland statutory trust after delisting.
- Stockholders will receive non-transferable beneficial interests in the trust on a one-for-one basis.
- The company anticipates deregistering with the SEC and voluntary dissolution on November 9, 2026.
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How we writeDisclaimerQuestions and answers
When will Apollo Commercial Real Estate Finance stop trading on the NYSE?
The company expects its last day of trading on the New York Stock Exchange to be November 6, 2026, following a regulatory filing expected around October 27, 2026.
What will shareholders receive after the company delists?
Shareholders will receive beneficial interests in a liquidating trust on a one-for-one basis. These interests cannot be traded on an exchange or transferred.
Who will oversee the liquidating trust?
ACREFI Management, LLC, or one of its affiliates, is expected to manage the daily operations of the Liquidating Trust.