NEW YORK--(BUSINESS WIRE)--Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) and Apollo Residential Mortgage, Inc. (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.

AMTG common stockholders will receive 0.417571 shares of ARI common stock per each share of AMTG common stock and approximately $6.86 per share in cash, based upon AMTG’s book value per share of common stock on the Pricing Date of $15.52. The total per share consideration to be paid for each share of AMTG common stock, and the total aggregate consideration to be paid by ARI for AMTG, is subject to change based on changes in trading price of ARI common stock through the closing of the transaction.

About Apollo Commercial Real Estate Finance, Inc.

Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, invests in, acquires and manages performing commercial real estate first mortgage loans, subordinate financings, commercial mortgage-backed securities and other commercial real estate-related debt investments. ARI is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, LLC, a leading global alternative investment manager with approximately $172.5 billion of assets under management at March 31, 2016.

Additional information can be found on ARI’s website at www.apolloreit.com.

About Apollo Residential Mortgage, Inc.

Apollo Residential Mortgage, Inc. is a real estate investment trust that invests in and manages residential mortgage-backed securities and other residential mortgage assets throughout the United States. AMTG is externally managed and advised by ARM Manager, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, LLC (NYSE:APO), a leading global alternative investment manager with approximately $172.5 billion of assets under management at March 31, 2016.

Additional information can be found on AMTG’s website at www.apolloresidentialmortgage.com.