Jul. 3, 2017-- Apollo Commercial Real Estate Finance, Inc. announced today that it will redeem all 3,450,000 issued and outstanding shares of its 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock on August 2, 2017. The shares of Series A Preferred Stock will be redeemed at the redemption price of $25.00 per share, plus a dividend in an amount of $0.1079 per share, representing all accumulated and unpaid dividends to, but not including, the Redemption Date. On the Redemption Date, dividends on the Series A Preferred Stock will cease to accrue. The notice of redemption will be mailed today to holders of record of shares of the Series A Preferred Stock. All of the shares of Series A Preferred Stock are held through the Depository Trust Company ("DTC") and will be redeemed in accordance with DTC's procedures. Questions relating to the notice of redemption should be directed to Wells Fargo Shareowner Services, the Company's redemption agent (the "Agent"), at (800) 468-9716. The address of the Agent is Wells Fargo Shareowner Services, Attn: Corporate Actions Department, 1110 Centre Pointe Curve, Suite 101, Mendota Heights, MN 55120.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Apollo Commercial Real Estate Finance Inc., 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 8/1/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.625% per annum ($2.15625 per annum or $0.5390625 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date fixed by the board, not more than 30 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Upon the occurrence of a change of control resulting in the common shares of the surviving entity no longer being listed listed on the NYSE, the AMEX or the Nasdaq exchanges the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will not have the following conversion right. Upon the occurrence of a change of control, and the company has not provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	8.63% $2.15625	$25.00 $25.00	Called for 8/02/2017 None	NF NF 11/18/2015	1/15, 4/15, 7/15 & 10/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     http://www.ApolloREIT.com/
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Email Address	hmginsberg@apollolp.com
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Address and Phone Numbers

Address:   9 West 57th Street, 43rd Floor, New York, NY 10019
Main Phone Number	212-515-3200
Fax Number	Not Available
Investor Relations   Hilary Ginsberg	212-822-0767

CEO - Stuart A. Rothstein

CFO - Stuart A. Rothstein