Apollo Global Management, Inc. (NYSE: APO) (together with its
consolidated subsidiaries, “Apollo”) today reported results for the
third quarter ended September 30, 2022.
Marc Rowan, Chief Executive Officer at Apollo
said, “Our strong third quarter results affirm the stability and
resilience of Apollo’s differentiated business model, generating
record quarterly fee related earnings and rising spread related
earnings. Our disciplined investment philosophy and compelling
product offerings continue to resonate with clients, with
year-to-date inflows of $100 billion meaningfully surpassing our
initial full year target. Our global team has already delivered
significant progress in executing the strategic growth plan we
unveiled at Investor Day one year ago and we have tremendous
momentum as we approach the year ahead.”
Apollo issued a full detailed presentation of
its third quarter ended September 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 third
quarter ended September 30, 2022. This dividend will be paid
on November 30, 2022 to holders of record at the close of
business on November 17, 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 December 15, 2022 to holders of
record at the close of business on December 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
Wednesday, November 2, 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 third quarter ended
September 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
September 30, 2022, Apollo had approximately $523 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,
inflation, 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 reports
on Form 10-Q filed with the Securities and Exchange Commission (the
“SEC”) on May 10, 2022 and August 9, 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 Gunn Global
Head of Investor Relations Apollo Global Management, Inc.
212-822-0540 IR@apollo.com
For media inquiries please contact: Joanna Rose
Global Head of Corporate Communications Apollo Global Management,
Inc. 212-822-0491 Communications@apollo.com
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