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Apollo Asset Management 6.375% Non-Cumulative Series A Preferred Shares
Ticker Symbol: AAM-A*     CUSIP: 037612405     Exchange: NYSE
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 9/22/2023

Security has been Called for:  Friday, September 22, 2023

August 23, 2023 -- Apollo Asset Management, Inc. (“AAM”) issued notices of redemption for (i) all outstanding shares of AAM’s 6.375% Series A Preferred Stock, par value $0.00001 per share, with a liquidation preference of $25.00 per share (the “Series A Preferred Stock”) and (ii) all outstanding shares of AAM’s 6.375% Series B Preferred Stock, par value $0.00001 per share, with a liquidation preference of $25.00 per share (the “Series B Preferred Stock,” and together with the Series A Preferred Stock, the “AAM Preferred Stock”), at a redemption price per share of $25.00 per share plus an amount equal to declared and unpaid dividends from the dividend payment date immediately preceding the redemption date to, but excluding, the redemption date. The AAM Preferred Stock will be redeemed on September 22, 2023.

January 1, 2022 -- pursuant to the Agreement and Plan of Merger, dated as of March 8, 2021 (the “Merger Agreement”), by and among Apollo Global Management, Inc., a Delaware corporation (“AGM”), Athene Holding Ltd, a Bermuda exempted company (“AHL”), Tango Holdings, Inc., a Delaware corporation and a direct wholly owned subsidiary of AGM (“Holdings”), Blue Merger Sub, Ltd., a Bermuda exempted company and a direct wholly owned subsidiary of Holdings (“AHL Merger Sub”), and Green Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Holdings (“AGM Merger Sub”), AGM Merger Sub merged with and into AGM with AGM as the surviving corporation and a direct subsidiary of Holdings (the “AGM Merger”), and AHL Merger Sub merged with and into AHL with AHL as the surviving corporation and a subsidiary of Holdings (the “AHL Merger”, and together with the AGM Merger, the “Mergers”). On January 1, 2022, upon the consummation of the Mergers, AGM was renamed Apollo Asset Management, Inc. and Holdings was renamed Apollo Global Management, Inc.

Sept. 05, 2019 -- Apollo Global Management, Inc. announced today that it has completed its previously announced conversion from a publicly traded partnership to a corporation. Existing Apollo shareholders will receive a final Schedule K-1 for the period from January 1, 2019 through September 4, 2019, and following today’s conversion, distributions will be dividends for U.S. tax purposes and stockholders will receive a Form 1099-DIV. ____________ September 5, 2019 -- Apollo Global Management, Inc. announced the completion of its conversion from a Delaware limited liability company named Apollo Global Management, LLC to a Delaware corporation named Apollo Global Management, Inc.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Apollo Asset Management, Inc formerly Apollo Global Management Inc. formerly Apollo Global Management, LLC, 6.375% Non-Cumulative Series A Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 3/15/2022 at $25 per share plus accrued and unpaid dividends, and with no stated maturity.

Non-Cumulative distributions of 6.375% per annum ($1.59375 per annum or $0.3984375 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is at least 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 or if a Tax Redemption Event occurs prior to 3/15/2022 the company may redeem the preferred shares at a price of $25.25 per share plus declared and unpaid distributions, if any. If a Change of Control Event occurs before, on or after 3/15/2022 and the company does not give notice prior to the 31st day following the Change of Control Event to redeem all the outstanding preferred shares, the distribution rate per annum on the shares will increase by 5.00%, beginning on the 31st day following such Change of Control (see prospectus for further information). (Obsolete as of 9/4/2019, see our note: Holders of the Preferred Shares 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 S-45 & 26 of the prospectus for details).)

This security was BBB+ by S&P at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares 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
6.38%
$1.59
$25.00
$25.00
Called for
9/22/2023

None
NF NF
4/16/2023
3/15, 6/15, 9/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (APO)

IPO - 2/28/2017 - 10.00 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: APO-A    Changed: 1/03/2022
Previous Name: Apollo Global Management, Inc    Changed: 1/01/2022
Market Value $ Million

Company's Online Information Links
HOME PAGE:     https://www.apollo.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 Go to SEC Filings

Company's Email Address Links
Email Address adai@apollo.com

Address and Phone Numbers
Address:   9 West 57th Street, New York, NY 10019
Main Phone Number 212-515-3200
Fax Number Not Available
Investor Relations   Ann Dai 212-822-0678
CEO - Leon David Black CFO - Martin Kelly

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