{"id":987032,"date":"2026-07-30T06:49:07","date_gmt":"2026-07-30T10:49:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/apollo-announces-conversion-rate-for-mandatory-convertible-preferred-stock\/"},"modified":"2026-07-30T06:49:07","modified_gmt":"2026-07-30T10:49:07","slug":"apollo-announces-conversion-rate-for-mandatory-convertible-preferred-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/apollo-announces-conversion-rate-for-mandatory-convertible-preferred-stock\/","title":{"rendered":"Apollo Announces Conversion Rate for Mandatory Convertible Preferred Stock"},"content":{"rendered":"
\n

NEW YORK, July 30, 2026 (GLOBE NEWSWIRE) — Apollo Global Management, Inc. (NYSE: APO) (the \u201cCompany\u201d) announced today that its outstanding 6.75% Series A Mandatory Convertible Preferred Stock (the \u201cPreferred Stock\u201d) will automatically convert into shares of the Company\u2019s common stock on July 31, 2026 (the \u201cconversion date\u201d). The conversion rate for each share of Preferred Stock will be 0.5074 shares of the Company\u2019s common stock. Cash will be paid in lieu of fractional shares of common stock.<\/p>\n

As previously announced, holders of record at the close of business on July 15, 2026 will separately receive a final quarterly cash dividend of $0.8438 per share on the Preferred Stock, payable on the conversion date.<\/p>\n

\n About Apollo<\/strong>\n <\/p>\n

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 credit to private 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, 2026, Apollo had approximately $1.03 trillion of assets under management. To learn more, please visit\u00a0www.apollo.com.<\/p>\n

\n Contacts<\/strong>\n <\/p>\n

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com<\/p>\n

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, July 30, 2026 (GLOBE NEWSWIRE) — Apollo Global Management, Inc. (NYSE: APO) (the \u201cCompany\u201d) announced today that its outstanding 6.75% Series A Mandatory Convertible Preferred Stock (the \u201cPreferred Stock\u201d) will automatically convert into shares of the Company\u2019s common stock on July 31, 2026 (the \u201cconversion date\u201d). The conversion rate for each share of Preferred Stock will be 0.5074 shares of the Company\u2019s common stock. Cash will be paid in lieu of fractional shares of common stock. As previously announced, holders of record at the close of business on July 15, 2026 will separately receive a final quarterly cash dividend of $0.8438 per share on the Preferred Stock, payable on the conversion date. About Apollo Apollo is a high-growth, … <\/p>\n

Continue reading “Apollo Announces Conversion Rate for Mandatory Convertible Preferred Stock”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-987032","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nApollo Announces Conversion Rate for Mandatory Convertible Preferred Stock - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/apollo-announces-conversion-rate-for-mandatory-convertible-preferred-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apollo Announces Conversion Rate for Mandatory Convertible Preferred Stock - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, July 30, 2026 (GLOBE NEWSWIRE) — Apollo Global Management, Inc. (NYSE: APO) (the \u201cCompany\u201d) announced today that its outstanding 6.75% Series A Mandatory Convertible Preferred Stock (the \u201cPreferred Stock\u201d) will automatically convert into shares of the Company\u2019s common stock on July 31, 2026 (the \u201cconversion date\u201d). The conversion rate for each share of Preferred Stock will be 0.5074 shares of the Company\u2019s common stock. Cash will be paid in lieu of fractional shares of common stock. As previously announced, holders of record at the close of business on July 15, 2026 will separately receive a final quarterly cash dividend of $0.8438 per share on the Preferred Stock, payable on the conversion date. 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