CHICAGO--(BUSINESS WIRE)--
Ares Commercial Real Estate Corporation (NYSE: ACRE) (the “Company”)
today announced the tax treatment for the Company's distributions on its
common stock (CUSIP # 04013V-10-8) with respect to calendar year 2012
(excluding distributions made prior to the Company’s initial public
offering):
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Record Date
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Distribution
Date
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Total
Distribution
Per Share
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Ordinary Income Per
Share (Non-Qualified)
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Return of
Capital Per
Share
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06/29/12
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07/12/12
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$0.0600
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$0.0252
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$0.0348
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10/02/12
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10/11/12
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$0.0600
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$0.0252
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$0.0348
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As the Company's aggregate distributions exceeded its earnings and
profits, the January 2013 distribution declared in the fourth quarter of
2012 and payable to shareholders of record as of December 31, 2012 will
be treated as a 2013 distribution for federal tax purposes. This
distribution is not included on the 2012 Form 1099. Stockholders are
encouraged to consult with their own tax advisors as to their specific
tax treatment of the Company's distributions.
About Ares Commercial Real Estate Corporation
Ares Commercial Real Estate Corporation is a specialty finance company
that originates, invests in and manages middle-market commercial real
estate loans and other commercial real estate investments. Through its
national direct origination platform, Ares Commercial Real Estate
Corporation provides flexible financing solutions for middle market
borrowers. Ares Commercial Real Estate Corporation intends to elect to
be taxed as a real estate investment trust and is externally managed by
an affiliate of Ares Management LLC, a global alternative asset manager
with approximately $59 billion in committed capital under management as
of December 31, 2012. For more information, please visit our website at
arescre.com.
Forward-Looking Statements
Statements included herein may constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of
1995, which relate to future events or our future performance or
financial condition. These statements are not guarantees of future
performance, condition or results and involve a number of risks and
uncertainties. Actual results may differ materially from those in the
forward-looking statements as a result of a number of factors, including
those described from time to time in our filings with the Securities and
Exchange Commission. Ares Commercial Real Estate Corporation undertakes
no duty to update any forward-looking statements made herein.
Ares Commercial Real Estate Corporation
Carl Drake, 404-814-5204
[email protected]
Source: Ares Commercial Real Estate Corporation
