Arbor Realty Trust, Inc. Announces Redemptions of Outstanding Cumulative Redeemable Preferred Stock
UNIONDALE, N.Y., May 26, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the Company) (NYSE:ABR) announced today that it will redeem all of the outstanding (i) 1,551,500 shares of its 8.250% Series A Cumulative Redeemable Preferred Stock (the Series A Preferred Stock), (ii) 1,260,000 shares of its 7.75% Series B Cumulative Redeemable Preferred Stock (the Series B Preferred Stock), and (iii) 900,000 shares of its 8.50% Series C Cumulative Redeemable Preferred Stock (the Series C Preferred Stock and, together with the Series A Preferred Stock and the Series B Preferred Stock, the Outstanding Preferred Stock), at redemption prices equal to $25.00 per share of Outstanding Preferred Stock, plus any accumulated and unpaid dividends thereon to, but not including, June 24, 2021 (the Redemption Date). The Series A Preferred Stock, the Series B Preferred Stock and the Series C Preferred Stock trade under ticker symbols ABR PA, ABR PB and ABR PC, respectively.
Arbor Realty Trust, Inc. Announces Redemptions of Outstanding Cumulative Redeemable Preferred Stock
UNIONDALE, N.Y., May 26, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the Company) (NYSE:ABR) announced today that it will redeem all of the outstanding (i) 1,551,500 shares of its 8.250% Series A Cumulative Redeemable Preferred Stock (the Series A Preferred Stock), (ii) 1,260,000 shares of its 7.75% Series B Cumulative Redeemable Preferred Stock (the Series B Preferred Stock), and (iii) 900,000 shares of its 8.50% Series C Cumulative Redeemable Preferred Stock (the Series C Preferred Stock and, together with the Series A Preferred Stock and the Series B Preferred Stock, the Outstanding Preferred Stock), at redemption prices equal to $25.00 per share of Outstanding Preferred Stock, plus any accumulated and unpaid dividends thereon to, but not including, June 24, 2021 (the Redemption Date). The Series A Preferred Stock, the Series B Preferred Stock and the Series C Preferred Stock trade under ticker symbols ABR PA, ABR PB and ABR PC, respectively.