SOURCE: Apollo Commercial Real Estate Finance, Inc. – Marketwire (press Release)

NEW YORK, NY – (Marketwire – January 28, 2011) – Apollo Real Estate Commercial Finance, Inc. (the "Company") (NYSE: ARI) today announced the treatment estimated federal income tax for the year 2010 sharing its common stock (CUSIP # 03762U105). The classification of federal income taxes in 2010 as the distribution must be reported on Form 1099-DIV are shown in the table below.


About Apollo Real Estate Commercial Finance, Inc. (NYSE: ARI) is a commercial real estate financing is coming, invests, develops and manages the top performing commercial real estate loans, commercial mortgage-backed securities and other real estate investments in the commercial real estate debt related to the SU external Company is managed and advised by Acrefair Management, LLC, a Delaware limited liability, an indirect subsidiary of Apollo Global Management, LLC. More information can be found on the website of the Company www.apolloreit.com. Apollo Real Estate Finance, Inc.

Forward-looking statements and other risks and uncertainties and are based on society's beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the company. Such statements include information about possible or assumed future results of the company's business, financial condition, liquidity, results of operations, plans and objectives. Forward-looking statements are not predictions of future events. Forward-Looking Statements Certain statements in this press release are forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the manufacturer. Statements regarding the following topics, among others, may be forward looking statements: the return on equity, return on investment, the ability to borrow to fund operations, and risks associated with investing in real estate, including changes including in business conditions and the economy in general. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. When used in this press release, the words "believe," "expect," "anticipates," "estimate," "plans," "continue," "intends," "should," "may" or similar expressions are to identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company. For a complete list and description of these risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission.

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