Apollo Global Management, Inc. (NYSE: APO) (together with its
consolidated subsidiaries, “Apollo”) today reported results for the
second quarter ended June 30, 2022.
Marc Rowan, Chief Executive Officer at Apollo
said, “Our second quarter results demonstrate the resilience of our
earnings and strength of our integrated model amid challenging
markets. Our focus on credit fundamentals and purchase price
discipline continues to resonate with clients, as the difference
between alpha generation and beta becomes increasingly clear in
this environment. We are well positioned to capitalize on
dislocation and remain focused on executing our strategic plan
across origination, global wealth, and capital solutions to deliver
for our shareholders.”
Apollo issued a full detailed presentation of
its second quarter ended June 30, 2022 results, which can be
viewed through the Stockholders section of Apollo’s website at
https://www.apollo.com/stockholders/apollo-global-management-inc/overview.
Dividend
Apollo Global Management, Inc. has declared a
cash dividend of $0.40 per share of its Common Stock for the second
quarter ended June 30, 2022. This dividend will be paid on
August 31, 2022 to holders of record at the close of business
on August 18, 2022.
Apollo Asset Management, Inc. (NYSE: AAM PrA,
AAM PrB) has declared a cash dividend of $0.398438 per share of
each of its Series A Preferred shares and Series B Preferred
shares, which will be paid on September 15, 2022 to holders of
record at the close of business on September 1, 2022.
The declaration and payment of dividends on
Common Stock, Series A Preferred shares and Series B Preferred
shares are at the sole discretion of Apollo Global Management,
Inc.’s and Apollo Asset Management, Inc.’s respective board of
directors, as applicable. Apollo cannot assure its stockholders
that they will receive any dividends in the future.
Conference Call
Apollo will host a public audio webcast on
Thursday, August 4, 2022 at 9:30 a.m. Eastern Time. During the
webcast, members of Apollo’s senior management team will review
Apollo’s financial results for the second quarter ended
June 30, 2022.
The webcast may be accessed at:
https://www.apollo.com/stockholders/events-and-presentations. For
those unable to listen to the live broadcast, there will be a
replay of the webcast available at the same link one hour after the
event.
Apollo distributes its earnings releases via its
website and email distribution lists. Those interested in receiving
firm updates by email can sign up for them at
https://www.apollo.com/stockholders/apollo-global-management-inc/contact-and-alerts/email-alerts.
About Apollo
Apollo is a high-growth, global alternative
asset manager. In our asset management business, we seek to provide
our clients excess return at every point along the risk-reward
spectrum from investment grade to private equity with a focus on
three investing strategies: yield, hybrid, and equity. For more
than three decades, our investing expertise across our fully
integrated platform has served the financial return needs of our
clients and provided businesses with innovative capital solutions
for growth. Through Athene, our retirement services business, we
specialize in helping clients achieve financial security by
providing a suite of retirement savings products and acting as a
solutions provider to institutions. Our patient, creative, and
knowledgeable approach to investing aligns our clients, businesses
we invest in, our employees, and the communities we impact, to
expand opportunity and achieve positive outcomes. As of
June 30, 2022, Apollo had approximately $515 billion of assets
under management. To learn more, please visit www.apollo.com.
Forward-Looking Statements
In this press release, references to “Apollo,”
“we,” “us,” “our” and the “Company” refer collectively to Apollo
Global Management, Inc. and its subsidiaries, or as the context may
otherwise require. This press release may contain forward-looking
statements that are within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements
include, but are not limited to, discussions related to Apollo’s
expectations regarding the performance of its business, its
liquidity and capital resources and other non-historical
statements. These forward-looking statements are based on
management’s beliefs, as well as assumptions made by, and
information currently available to, management. When used in this
press release, the words “believe,” “anticipate,” “estimate,”
“expect,” “intend” and similar expressions are intended to identify
forward-looking statements. Although management believes that the
expectations reflected in these forward-looking statements are
reasonable, it can give no assurance that these expectations will
prove to have been correct. These statements are subject to certain
risks, uncertainties and assumptions, including risks relating to
the impact of COVID-19, the impact of energy market dislocation,
market conditions and interest rate fluctuations generally, our
ability to manage our growth, our ability to operate in highly
competitive environments, the performance of the funds we manage,
our ability to raise new funds, the variability of our revenues,
earnings and cash flow, our dependence on certain key personnel,
the accuracy of management’s assumptions and estimates, our use of
leverage to finance our businesses and investments by the funds we
manage, Athene’s ability to maintain or improve financial strength
ratings, the impact of Athene’s reinsurers failing to meet their
assumed obligations, Athene’s ability to manage its business in a
highly regulated industry, changes in our regulatory environment
and tax status, litigation risks and our ability to recognize the
benefits expected to be derived from the merger of Apollo with
Athene, among others. We believe these factors include but are not
limited to those described under the section entitled “Risk
Factors” in the Company's quarterly report on Form 10-Q filed with
the Securities and Exchange Commission (the “SEC”) on May 10, 2022,
as such factors may be updated from time to time in our periodic
filings with the SEC, which are accessible on the SEC’s website at
www.sec.gov. These factors should not be construed as exhaustive
and should be read in conjunction with the other cautionary
statements that are included in this press release and in our other
filings with the SEC. We undertake no obligation to publicly update
or review any forward-looking statements, whether as a result of
new information, future developments or otherwise, except as
required by applicable law. This press release does not constitute
an offer of any Apollo fund.
Investor and Media Relations
Contacts
For investors please contact:Noah GunnGlobal
Head of Investor RelationsApollo Global Management,
Inc.212-822-0540IR@apollo.com
For media inquiries please contact:Joanna
RoseGlobal Head of Corporate CommunicationsApollo Global
Management, Inc.212-822-0491Communications@apollo.com
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