Arbor Realty Trust to redeem outstanding cumulative redeemable preferred stock

• Arbor Realty Trust (ABR +1.9%) will redeem all of the outstanding ~1.55M shares of its 8.250% Series A Cumulative Redeemable Preferred Stock, 1.26M shares of its 7.75% Series B Cumulative Redeemable Preferred Stock and 900K shares of its 8.50% Series C Cumulative Redeemable Preferred Stock at redemption prices equal to $25 per share plus any accumulated and unpaid dividends.
• Yesterday, the company announced to offer Series D Cumulative Redeemable Preferred Stock.