NYC Gazette

Apollo Global Management LP issued the following announcement on May

Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the first quarter ended March 31, 2020. 

“Amid the unprecedented market volatility caused by the COVID-19 pandemic, Apollo is relying on the expertise and discipline we have developed over the last 30 years investing across numerous market cycles. We believe the current environment reinforces the advantages of our value-oriented approach, emphasis on downside protection, and our incredibly talented team around the world,” said Leon Black, Chairman and Chief Executive Officer. “With respect to our financial results, Apollo declared a cash dividend of $0.42 per share for the first quarter, which highlights the durability and resiliency of our business model, even in adverse market environments.” 

Apollo issued a full detailed presentation of its first quarter ended March 31, 2020 results, which can be viewed through the Stockholders section of Apollo’s website at http://www.apollo.com/stockholders.

Dividends 

Apollo has declared a cash dividend of $0.42 per share of its Class A Common Stock for the first quarter ended March 31, 2020. This dividend will be paid on May 29, 2020 to holders of record at the close of business on May 18, 2020. Apollo intends to distribute to its Class A common stockholders on a quarterly basis substantially all of its distributable earnings after taxes and related payables in excess of amounts determined by the executive committee of its board of directors to be necessary or appropriate to provide for the conduct of its business and, at a minimum, a quarterly dividend of $0.40 per share. 

Apollo has declared a cash dividend of $0.398438 per share of each of its Series A Preferred Stock and Series B Preferred Stock, which will be paid on June 15, 2020 to holders of record at the close of business on June 1, 2020. 

The declaration and payment of dividends on Class A Common Stock, Series A Preferred Stock and Series B Preferred Stock are at the sole discretion of the executive committee of Apollo Global Management, Inc.’s board of directors. Apollo cannot assure its stockholders that they will receive any dividends in the future. 

Conference Call 

Apollo will host a conference call on Friday, May 1, 2020 at 10:00 a.m. Eastern Time. During the call, members of Apollo’s senior management team will review Apollo’s financial results for the first quarter ended March 31, 2020. The conference call may be accessed by dialing (888) 868-4188 (U.S. domestic) or +1 (615) 800-6914 (international), and providing conference call ID 6298984 when prompted by the operator. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast of the conference call will be available to the public on a listen-only basis and can be accessed through the Stockholders section of Apollo’s website at http:// www.apollo.com/stockholders.

Following the call, a replay of the event may be accessed either telephonically or via audio webcast. A telephonic replay of the live broadcast will be available approximately two hours after the live broadcast by dialing (800) 585-8367 (U.S. callers) or +1 (404) 537-3406 (non-U.S. callers), passcode 6298984. To access the audio webcast, please visit Events in the Stockholders section of Apollo’s website at http://www.apollo.com/stockholders. 

Original source can be found here.