May 28, 2021-- Ares Management Corporation (the “Company”) issued a notice of redemption with respect to all 12,400,000 outstanding shares of its 7.00% Series A Preferred Stock (“Series A Preferred Stock”) (CUSIP No. 03990B 200). The shares of Series A Preferred Stock will be redeemed on June 30, 2021 (the “Redemption Date”) at a redemption price of $25.00 per share (the “Redemption Price”), and will not include any accrued dividends because the Redemption Date is also a dividend payment date. The Company will pay the previously announced dividend of $0.4375 per share on the Series A Preferred Stock on June 30, 2021. 11/26/2018 -- Ares Management Corporation (NYSE:ARES) announced today that it has completed its conversion to a corporation under Delaware law and changed its name from Ares Management, L.P. to Ares Management Corporation. Since Ares had already elected to be taxed as a corporation for U.S. federal and state income tax purposes effective March 1, 2018, no material tax or financial changes are expected from the state law conversion. Existing common and preferred shares of Ares Management, L.P. have been converted into Class A common and Series A Preferred shares of Ares Management Corporation, respectively. Following the conversion, the Class A common shares will have voting rights equivalent to approximately 20% of the total and will be entitled to vote on typical stockholder matters under Delaware law. Both the Class A common and Series A Preferred shares of Ares Management Corporation will continue to receive Form 1099 DIV reporting and are eligible for the favorable tax rates applicable to qualified dividend income.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Ares Management Corp., formerly Ares Management, L.P., 7.00% Series A Non-Cumulative Preferred Units, liquidation preference $25 per unit, redeemable at the issuer's option on or after 6/30/2021 at $25 per unit plus declared and unpaid dividends, and with no stated maturity. Non-Cumulative distributions of 7.00% per annum ($1.75 per annum or $0.4375 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date that will be 3/15, 6/15, 9/15 & 12/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. If a Change of Control Event occurs prior to June 30, 2021, the issuer may, at their option, upon at least 30 (and no more than 60) days' notice following the occurrence of such Change of Control Event, redeem the Units, in whole at a price of $25.25 plus declared and unpaid distributions without payment of any undeclared distributions. If a Change of Control Event occurs (whether before, on or after June 30, 2021) and the issuer does not give notice prior to the 31st day following the Change of Control Event to redeem all the outstanding Units, the distribution rate per annum will increase by 5.00% (see prospectus for further details). Holders of the Preferred Units will receive specific tax information from the company, including a Schedule K-1 which generally would be expected to provide a single income item equal to the preferred return (see page 30 of the prospectus for details). This security was rated as BBB- by S&P and not rated by Moodys at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred units rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common units of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	7.00% $1.75	$25.00 $25.00	Called for 6/30/2021 None	NF BBB- 11/12/2020	3/31, 6/30, 9/30 & 12/31 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

Company's Online Information Links

HOME PAGE:     https://www.aresmgmt.com/
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

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Company's Email Address Links

Inv Rel Email Address	cdrake@aresmgmt.com
General Email Address	InvestorRelations@aresmgmt.com
Email Request Form on Website	Go to Email Form

Address and Phone Numbers

Address:   2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067
Main Phone Number	310-201-4100
Fax Number	310-201-4170
Investor Relations   Carl Drake	678-538-1981
Toll Free Phone Number	800-340-6597

CEO - Michael Arougheti

CFO - Michael McFerran