Apollo Global Management, Inc. (NYSE: APO) (together with its
consolidated subsidiaries, “Apollo”) today reported results for the
first quarter ended March 31, 2022.
Marc Rowan, Chief Executive Officer at Apollo
said, “Our first quarter results are a milestone event for Apollo
following our merger with Athene in January. Our combined earnings
power is on full display and demonstrated significant resilience
and durability amid a volatile market backdrop. We continue to make
progress on our three key growth drivers which underpin the success
of our long-term business plan. Our asset origination engine
remains very active, we are expanding our retail distribution
capabilities and product offering, and our capital solutions
business is well positioned to provide financing and structuring
solutions at a particularly opportune time. We have a fully aligned
team that has begun to execute against the targets we laid out for
2022 and beyond.”
Apollo issued a full detailed presentation of
its first quarter ended March 31, 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 first
quarter ended March 31, 2022. This dividend will be paid on
May 31, 2022 to holders of record at the close of business on
May 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 June 15, 2022 to holders of
record at the close of business on June 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, May 5, 2022 at 8:30 a.m. Eastern Time. During the
webcast, members of Apollo’s senior management team will review
Apollo’s financial results for the first quarter ended
March 31, 2022.
The webcast may be accessed at:
https://www.apollo.com/stockholders/apollo-global-management-inc/overview.
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
March 31, 2022, Apollo had approximately $513 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 the other non-historical
statements in the discussion and analysis. 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 Apollo Asset
Management, Inc.’s annual report on Form 10-K filed with the
Securities and Exchange Commission (the “SEC”) on February 25, 2022
and Athene's annual report on Form 10-K filed with the SEC on
February 25, 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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