Arbor Realty Trust (ABR) Announces $50M Share Buyback

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Go back to Arbor Realty Trust (ABR) Announces $50M Share Buyback

Arbor Realty Trust Announces $50 Million Share Repurchase Program

March 17, 2023 5:13 PM EDT

UNIONDALE, N.Y., March 17, 2023 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase up to $50 million 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 otherwise in compliance with Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934. The Board of Directors also authorized the Company to establish Rule 10b5-1 trading plans that... More