Real Estate News

Arbor Realty Trust, Inc. Announces Closing of $230 Million Offering of Series D Cumulative Redeemable Preferred Stock

UNIONDALE, N.Y., June 02, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the “Company”) (NYSE:ABR) announced today the closing of its public offering of 9,200,000 shares of its 6.375% Series D Cumulative Redeemable Preferred Stock (the “Series D Preferred Stock”), liquidation preference $25.00 per share, which amount includes 1,200,000 shares of the Series D Preferred Stock issued upon the exercise in full by the underwriters of their over-allotment option on May 26, 2021, for gross proceeds of $230 million, before deducting underwriting discounts and estimated offering expenses.

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