The Carlyle Group Completes Conversion to a Corporation
January 02 2020 - 8:30AM
The Carlyle Group (NASDAQ: CG) announced today that it has
completed its previously announced conversion to a
corporation from a publicly traded partnership. Existing
Carlyle shareholders will receive a final Schedule K-1 in late
March 2020. Following today’s conversion, distributions will
generally be dividends for U.S. tax purposes and shareholders will
receive a Form 1099-DIV.
“We are pleased to have completed our conversion to a
corporation,” said Carlyle Co-CEOs Kewsong Lee and Glenn
Youngkin. We believe our structure and approach, which is simple,
transparent in governance, and aligned with our investors, sets the
stage for Carlyle to further drive sustainable value over the
long-term for our shareholders.”
About The Carlyle Group The Carlyle Group
(NASDAQ: CG) is a global investment firm with deep industry
expertise that deploys private capital across four business
segments: Corporate Private Equity, Real Assets, Global Credit and
Investment Solutions. With $222 billion of assets under management
as of September 30, 2019, Carlyle’s purpose is to invest wisely and
create value on behalf of its investors, portfolio companies and
the communities in which we live and invest. The Carlyle Group
employs more than 1,775 people in 33 offices across six continents.
Contacts
Public Market Investor Relations Daniel Harris +1 (212) 813-4527
daniel.harris@carlyle.com
Media Leigh Farris +1 (212) 813-4815
leigh.farris@carlyle.com
OR
Christa Zipf +1 (212) 813-4578 christa.zipf@carlyle.com
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