UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) September 21, 2012
Ares Commercial Real Estate Corporation
(Exact name of registrant as specified in its charter)
Maryland |
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001-35517 |
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45-3148087 |
(State or Other Jurisdiction |
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(Commission |
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(IRS Employer |
Two North LaSalle Street, Suite 925, Chicago, IL |
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60602 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code (312) 324-5900
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
On Friday, September 21, 2012, the registrant issued a press release, included herewith as Exhibit 99.1, announcing the declaration of a dividend of $0.06 per share for the quarter ending September 30, 2012. The dividend is payable on Thursday, October 11, 2012 to stockholders of record as of Tuesday, October 2, 2012.
The information disclosed under this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
Exhibit |
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Exhibit Description |
99.1 |
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Press Release, dated September 21, 2012. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 21, 2012
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ARES COMMERCIAL REAL ESTATE CORPORATION | |
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By: |
/s/ Tae-Sik Yoon |
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Tae-Sik Yoon |
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Chief Financial Officer |
Exhibit 99.1
Ares Commercial Real Estate Corporation Declares a Dividend of $0.06 per share for the Quarter Ending September 30, 2012
CHICAGO, IL September 21, 2012 Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it has declared a cash dividend of $0.06 per common share for the quarter ending September 30, 2012. The dividend is payable on October 11, 2012 to stockholders of record at the close of business on October 2, 2012.
Our opportunity set continues to be strong, and we are on track to successfully convert a portion of our pipeline into new investments, said John Bartling, Chief Executive Officer of Ares Commercial Real Estate Corporation. We continue to be encouraged by the quality and number of loan opportunities that we are actively sourcing and reviewing through our national direct origination platform.
About Ares Commercial Real Estate Corporation
Ares Commercial Real Estate Corporation is a specialty finance company that originates, invests in and manages middle-market commercial real estate loans and other commercial real estate investments. Through its national direct origination platform, Ares Commercial Real Estate Corporation provides flexible financing solutions for middle market borrowers. Ares Commercial Real Estate Corporation intends to elect to be taxed as a real estate investment trust and is externally managed by an affiliate of Ares Management LLC, a global alternative asset manager with approximately $54 billion in committed capital under management as of June 30, 2012. For more information, please visit our website at arescre.com.
Forward-Looking Statements
Statements included herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Ares Commercial Real Estate Corporation undertakes no duty to update any forward-looking statements made herein.
Contact:
Ares Commercial Real Estate Corporation
Carl Drake
(404) 814-5204
cdrake@aresmgmt.com