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Cybernet Data Systems Inc.

Apollo Global Management Reports Third Quarter 2023 Financial Results

Strategic Insights

— 1 min read

Apollo Global Management, Inc. has reported financial results for the third quarter ended September 30, 2023. The company's CEO, Marc Rowan, stated that despite challenging market conditions, Apollo's business model has demonstrated resilience and growth characteristics. Apollo's leading Asset Management and Retirement Services franchises position it well to benefit in the current environment and provide unparalleled alignment with clients.

Key Takeaways:

  • Apollo reported assets under management of approximately $631 billion as of September 30, 2023.
  • The company declared a cash dividend of $0.43 per share of its Common Stock for the third quarter ended September 30, 2023.
  • Apollo also declared and set aside for payment a cash dividend of $0.8438 per share of its 6.75% Series A Mandatory Convertible Preferred Stock.
  • The company will host a public audio webcast on November 1, 2023, to review its financial results for the third quarter ended September 30, 2023.
  • Apollo's investment expertise across its fully integrated platform has served the financial return needs of its clients and provided businesses with innovative capital solutions for growth.

Statistics:

  • Assets under management: $631 billion as of September 30, 2023.
  • Dividend per share of Common Stock: $0.43 for the third quarter ended September 30, 2023.
  • Dividend per share of 6.75% Series A Mandatory Convertible Preferred Stock: $0.8438 to be paid on January 31, 2024.
  • Number of shares of Common Stock outstanding: Not specified.

Sources:

  • Apollo Global Management, Inc. Form 8-K filing, dated November 1, 2023 ( Exhibit 99.1).
  • Apollo Global Management, Inc. Press Release, dated November 1, 2023.
  • Athene Retirement Services, Investor Relations website, https://ir.athene.com.

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