Arbor Realty Trust Declares 24 Cent Dividend

October 28, 2008 (FinancialWire) -- Arbor Realty Trust, Inc.'s (NYSE: ABR) (Current Market Cap: US$95.24 Mil.) board has declared a quarterly cash dividend of $0.24 per share of common stock for the third quarter ended September 30. The dividend is payable on November 26 to common shareholders of record on November 14.

According to the company, the dividend represents the estimated balance needed to distribute 100% of Arbor's taxable income for 2008. Arbor said that its taxable income is expected to be less than the company originally anticipated, primarily due to tax differences associated with certain of its unconsolidated equity investments. After the payment of this dividend, the company will have paid cash dividends to common stockholders of $2.10 in 2008.

Uniondale, New York-based Arbor Realty Trust is a real estate investment trust that invests in a portfolio of multi-family and commercial real estate related bridge and mezzanine loans, preferred equity investments, mortgage related securities and other real estate related assets.

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