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Apollo Global Management Inc (New) | 6.375% Dep Sh Rate Reset Non-Cumul Pref Shares Ser C (ATH.PRC)
Prospectus excerpt: We are offering 24,000,000 depositary shares, each of which represents a 1/1,000th interest in a share of our 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preference Shares, Series C, $1.00 par value and $25,000 liquidation preference per share (equivalent to $25.00 per depositary share) (a “Series C Preference Share”). Each depositary share, evidenced by a depositary receipt, entitles the holder, through the depositary, to a proportional fractional interest in all rights and preferences of the Series C Preference Shares represented thereby (including any dividend, liquidation, redemption and voting rights). We will pay dividends on the Series C Preference Shares only when, as and if declared by our Board of Directors or a duly authorized committee thereof. Any such dividends will be payable from the date of original issuance on a non-cumulative basis, quarterly in arrears on the 30th day of March, June, September and December of each year, beginning on September 30, 2020, at a rate equal to 6.375% of the liquidation preference per annum up to but excluding September 30, 2025. Beginning on September 30, 2025, any such dividends will be payable on a non-cumulative basis, only when, as and if declared by our Board of Directors or a duly authorized committee thereof, during each reset period, at a rate per annum equal to the Five-year U.S. Treasury Rate as of the most recent reset dividend determination date (as described elsewhere in this prospectus supplement) plus 5.97% of the liquidation preference per annum. See “Description of the Series C Preference Shares—Dividends.” Dividends that are not declared by our Board of Directors or a duly authorized committee thereof will not accumulate and will not be payable. Distributions will be made in respect of the depositary shares if and only to the extent dividends are paid on the related Series C Preference Shares. Full Prospectus PDF », Secondary Prospectus PDF », APO Page »
Series: | C | Alternate symbology: | ATH-C, ATH-PC, ATHprC | Redeemable?: | Yes | Call Date: | 9/30/2025 | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 24,000,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $24.89 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-0.11 (-0.44%) | Annualized Dividend: | 1.59375 | Recent Ex-Date: | 3/14/2024 | Current Yield: | 6.40% | Original Coupon: | 6.375 until 9/30/2025, then equal to the sum of the Five-year U.S. Treasury Rate on the applicable fixed rate calculation date plus 5.97%, resetting every 5 years thereafter on applicable fixed rate calculation date | Pay Period: | Quarterly | Pay Dates: | 30-Mar, 30-Jun, 30-Sep, 30-Dec | CDx3 Compliance Rating: |
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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 Open the APO Information Page »
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Name: |
Apollo Global Management Inc (New) |
Sector: |
Investment Brokerages |
Number of ETFs Holding APO: |
57 (see which ones) |
Total Market Value Held by ETFs: |
$5,229,515,411.44 |
Total Market Capitalization: |
$64,043,000,000 |
% of Market Cap. Held by ETFs: |
8.17% |
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