Apollo Announces Conversion Rate for Mandatory Convertible Preferred Stock
Apollo Global Management announced that its 6.75% Series A Mandatory Convertible Preferred Stock will automatically convert into common stock on July 31, 2026. Each share of Preferred Stock will convert into 0.5074 shares of common stock, with holders receiving a final quarterly cash dividend of $0.8438 per share.
Key figures
- Aum
- $1.03 trillion
- Conversion rate
- 0.5074
- Preferred dividend
- $0.8438
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.