Preferred Stock Channel
Apollo Global Management Inc (New) | 6.75% Series A Mandatory Convertible Preferred Stock (APO.PRA)

Prospectus excerpt:  We are offering 25,000,000 shares of our 6.75% Series A Mandatory Convertible Preferred Stock, par value $0.00001 per share (the “Mandatory Convertible Preferred Stock”). We intend to use the net proceeds from the offering of the Mandatory Convertible Preferred Stock to accelerate our Retirement Services growth, helping Athene Holding Ltd. (together with its subsidiaries, “Athene”), our subsidiary that conducts our retirement services business, capitalize on attractive growth opportunities available in the current market environment. See “Use of Proceeds.” Dividends on the Mandatory Convertible Preferred Stock will be payable on a cumulative basis when, as and if declared by our Board of Directors, or an authorized committee thereof, at an annual rate of % on the liquidation preference of $50.00 per share. We may pay declared dividends in cash or, subject to certain limitations, in shares of our common stock or in any combination of cash and shares of our common stock on January 31, April 30, July 31 and October 31 of each year, commencing on October 31, 2023, and ending on, and including, July 31, 2026.

Full Prospectus PDF », Secondary Prospectus PDF », APO Page »

Series:A
Alternate symbology:APO-A, APO-PA, APOprA
Redeemable?:Yes
Maturity Date:7/31/2026
Cumulative?:Yes
Conversion Ratio:0.5052 - 0.6062
Conversion Price:$82.48 - $98.97
Shares Offered:25,000,000
Overallotment:3,750,000
Liquidation Preference:$50.00
Recent Market Price:$63.06
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$13.06 (26.12%)
Annualized Dividend:3.3752
Recent Ex-Date:4/12/2024
Current Yield:5.35%
Original Coupon:6.75%
Pay Period:Quarterly
Pay Dates:31-Jan, 30-Apr, 31-Jul, 31-Oct
CDx3 Compliance Rating: Learn APO.PRA's Rating
Apollo Global Management is an alternative investment manager. Co.'s Credit segment invests in non-control corporate and structured debt instruments including investments across the capital structure. Co.'s Private Equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. Co.'s Real Assets segment invests in real estate equity and infrastructure equity for the acquisition and recapitalization of real estate and infrastructure assets, portfolios, platforms and operating companies; real estate and infrastructure debt; and European performing and non-performing loans, and unsecured consumer loans.

Preferreds: AAM.PRA, AAM.PRB, ATH.PRC, ATH.PRD, ATH.PRE, APO.PRA


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Name:  Apollo Global Management Inc (New)
Sector:  Investment Brokerages
Number of ETFs Holding APO:  58 (see which ones)
Total Market Value Held by ETFs:  $5,324,771,122.08
Total Market Capitalization:  $62,839,000,000
% of Market Cap. Held by ETFs:  8.47%

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