Apollo Commercial Real Estate Finance, Inc. Announces 2019 Dividend Income Tax Treatment - Seite 2

⁽²⁾ May be eligible for a 20% deduction through the “qualified business income deduction” under IRC Section 199A(b)(1)(B). Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.

The federal income tax classification of the 2019 distributions on the Company’s 8.00% Fixed-to-Floating Series B Cumulative Redeemable Perpetual Preferred stock as it is expected to be reported on Form 1099-DIV is set forth in the following table:

Record Date	Payable Date	Total Distribution Per Share			Ordinary Income Per Share		Return of Capital Per Share	Capital Gain Per Share
03/29/2019	04/15/2019	$0.50			$0.50		-	-
06/28/2019	07/15/2019	$0.50			$0.50		-	-
09/30/2019	10/15/2019	$0.50			$0.50		-	-
12/31/2019	01/15/2020	$0.50			$0.50		-	-

The federal income tax classification of the 2019 distributions on the Company’s 8.00% Series C Cumulative Redeemable Perpetual Preferred stock as it is expected to be reported on Form 1099-DIV is set forth in the following table:

Record Date	Payable Date	Total Distribution Per Share			Ordinary Income Per Share		Return of Capital Per Share	Capital Gain Per Share
03/29/2019	04/30/2019	$0.50			$0.50		-	-
06/10/2019	06/10/2019	$0.2223			$0.2223		-	-

Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.