ARI Sets NYSE Delisting for Nov 6, Assets Move to Liquidating Trust

Updates

1. Oct 16, 5:09 PM ET · SEC 8-K — ARI expects to deregister with the SEC on November 9, 2026, and retain ACREFI Management as manager of the Liquidating Trust.

   • Delisting and Dissolution
     • Company provided notice to the NYSE of its intention to voluntarily delist its shares of common stock from the NYSE.
     • Form 25, or Notification of Removal from Listing, expected to be filed with the SEC and NYSE on or about October 27, 2026.
     • Last day of trading on the NYSE expected November 6, 2026.
     • After transferring all remaining assets and liabilities to the Liquidating Trust, the Company will terminate its existence by voluntary dissolution.
   • Beneficial Interests — Beneficial Interests will be distributed to stockholders on a one-for-one basis. They will not trade on the NYSE or any other exchange and are not transferable, subject to limited exceptions including transfer by will, intestate succession or operation of law. Holders have no authority or power to sell or otherwise dispose of their Beneficial Interests.
   • Liquidating Trust Purpose — The Liquidating Trust is a statutory trust formed under Maryland law. Its purpose is to wind up the Company's affairs, liquidate remaining assets, preserve their value for orderly liquidation, and after satisfying or providing for liabilities, distribute assets or proceeds to Beneficial Interest holders.
   • Distributions — The actual amount and timing of payment of any additional liquidating distribution(s) will be made by the Liquidating Trust's board of trustees in its sole discretion.
   • SEC Reporting — The Liquidating Trust will file only an annual Form 10-K with unaudited financial statements and current Form 8-Ks, each using the Company's SEC file number.
   All 13 details

   • Liquidating Trust to file only annual Form 10-K with unaudited financial statements and current Form 8-Ks, each using the Company's SEC file number.
   • Rights of holders of Beneficial Interests in the Liquidating Trust will not be represented by any form of certificate or other instrument.
   • Actual amount and timing of payment of any additional liquidating distribution(s) to be made by the Liquidating Trust's board of trustees in its sole discretion.
   • Company provided notice to the NYSE of its intention to voluntarily delist its shares of common stock from the NYSE.
   • After transferring all remaining assets and liabilities to the Liquidating Trust, the Company will terminate its existence by voluntary dissolution.
   • The Beneficial Interests will not trade on the NYSE or any other exchange.
   • Beneficial Interests are not transferable, subject to limited exceptions including transfer by will, intestate succession or operation of law.
   • Holders of Beneficial Interests have no authority or power to sell or in any other manner dispose of their Beneficial Interests.
   • The Liquidating Trust's purpose is to wind up the Company's affairs, liquidate remaining assets, preserve their value for orderly liquidation, and after satisfying or providing for liabilities, distribute assets or proceeds to Beneficial Interest holders.
   • Form 25, or Notification of Removal from Listing, expected to be filed with the SEC and NYSE on or about October 27, 2026.
   • Last day of trading on the NYSE expected November 6, 2026.
   • Liquidating Trust is a statutory trust formed under the laws of the State of Maryland.
   • Beneficial Interests to be distributed to the Company's stockholders on a one-for-one basis.