Arbor Realty Trust (ABR) Approces 500K Buyback
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Arbor Realty Trust, Inc. (NYSE: ABR) has approved a share repurchase program authorizing the Company to repurchase in the aggregate up to 500,000 shares of its outstanding common stock. At management's discretion, the shares may be acquired from time to time in the open market, through privately negotiated transactions or pursuant to a Rule 10b5-1 plan. A Rule 10b5-1 plan permits the Company to repurchase its outstanding shares at times when it might otherwise be prevented from doing so.
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