UNIONDALE, N.Y., Jan. 27 /PRNewswire-FirstCall/ -- Arbor Realty Trust,
Inc. (NYSE: ABR), today announced that its Board of Directors has elected not
to pay a common stock dividend for the fourth quarter of 2008. The Company
decided, based on the continued difficult economic environment, to retain
capital for working capital purposes.
The Company paid cash dividends to common stockholders of $2.10 in 2008.
The Company believes the dividends paid fully satisfy its 2008 REIT
distribution requirements. The Company will continue to evaluate its dividend
policy, based upon the market environment, capital needs, estimated taxable
income and REIT distribution requirements.
About Arbor Realty Trust, Inc.
Arbor Realty Trust, Inc. is a real estate investment trust which invests
in a diversified portfolio of multi-family and commercial real estate related
bridge and mezzanine loans, preferred equity investments, mortgage related
securities and other real estate related assets. Arbor commenced operations in
July 2003 and conducts substantially all of its operations through its
operating partnership, Arbor Realty Limited Partnership and its subsidiaries.
Arbor is externally managed and advised by Arbor Commercial Mortgage, LLC, a
national commercial real estate finance company operating through 11 sales and
origination support offices in the US that specializes in debt and equity
financing for multi-family and commercial real estate.
Safe Harbor Statement
Certain items in this press release may constitute forward-looking
statements within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These statements are based on
management's current expectations and beliefs and are subject to a number of
trends and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. Arbor can give no
assurance that its expectations will be attained. Factors that could cause
actual results to differ materially from Arbor's expectations include, but are
not limited to, continued ability to source new investments, changes in
interest rates and/or credit spreads, changes in the real estate markets, and
other risks detailed in Arbor's Annual Report on Form 10-K for the year ended
December 31, 2007 and its other reports filed with the SEC. Such
forward-looking statements speak only as of the date of this press release.
Arbor expressly disclaims any obligation or undertaking to release publicly
any updates or revisions to any forward-looking statements contained herein to
reflect any change in Arbor's expectations with regard thereto or change in
events, conditions, or circumstances on which any such statement is based.
SOURCE Arbor Realty Trust, Inc.
CONTACT: Paul Elenio, Chief Financial Officer, Arbor Realty Trust, Inc.,
+1-516-832-7422, pelenio@arbor.com; or investors,
Stephanie Carrington, The
Ruth Group,
+1-646-536-7017, scarrington@theruthgroup.com; or media,
Bonnie
Habyan, SVP of Marketing,
+1-516-229-6615, bhabyan@arbor.com/
(ABR)
