Arbor Realty Trust, Inc.
(the "Company") ABR announced today that it plans to make a public
offering of an initial issuance of its Series A Cumulative Redeemable
Preferred Stock (the "Series A Preferred Stock"). The Company will grant the
underwriters a 30-day option to purchase additional shares of Series A
Preferred Stock to cover over-allotments, if any. The Company intends to file
an application to list the Series A Preferred Stock on the NYSE under the
symbol "ABR PrA" and, if approved, expects trading to commence within 30 days
after the initial issuance of the Series A Preferred Stock.
The Company intends to use the net proceeds from the offering to make
investments, to repurchase or pay liabilities and for general corporate
purposes.
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