Apollo Commercial Real Estate Finance, Inc. Announces Purchase Price Information in Connection with the Acquisition of Apollo Residential Mortgage, Inc.

NEW YORK--(BUSINESS WIRE)--Apollo Commercial Real Estate Finance, Inc. (“ARI”) (NYSE:ARI) and Apollo Residential Mortgage, Inc. (“AMTG”) (NYSE:AMTG) today announced the aggregate consideration to be paid in connection with the acquisition of AMTG by ARI, which values AMTG as of July 22, 2016 (the “Pricing Date”) at approximately $13.83 per share of common stock. The value of the consideration as of the Pricing Date represents a premium of approximately 36% to the closing price of AMTG’s shares of common stock on February 25, 2016, the day prior to the announcement of the transaction.