Apollo Commercial Real Estate Finance, Inc. Announces 2020 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 2020 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
03/31/2020	04/15/2020	$0.50	$0.50	-	-
06/30/2020	07/15/2020	$0.50	$0.50	-	-
09/30/2020	10/15/2020	$0.50	$0.50	-	-
12/31/2020	01/15/2021	$0.50	$0.50	-	-

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

About Apollo Commercial Real Estate Finance, Inc.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, Inc., a leading global alternative investment manager with approximately $433 billion of assets under management at September 30, 2020.