Apollo Asset Management
On August 23, 2023, the Company issued notices of redemption to redeem (i) all outstanding shares of the Company’s Series A Preferred Stock, par value $0.00001 per share, with a liquidation preference of $25.00 per share (the “Series A Preferred Stock”) and (ii) all outstanding shares of the Company’s Series B Preferred Stock, par value $0.00001 per share, with a liquidation preference of $25.00 per share (the “Series B Preferred Stock, together with the Series A Preferred Stock, referred to herein as the “AAM Preferred Stock”), at a redemption price per share equal to $25.00 (collectively, the “AAM Preferred Stock Redemption”). The AAM Preferred Stock Redemption is in accordance with the terms of the Company’s Second Amended and Restated Certificate of Incorporation.
The AAM Preferred Stock will be redeemed on September 22, 2023 (the “Redemption Date”). The regular quarterly dividend for the AAM Preferred Stock for the full current quarterly dividend period from and including June 15, 2023 to, but excluding, September 15, 2023, will be paid separately in the customary manner on September 15, 2023, to holders of record on September 1, 2023. Thereafter, the holders of record will receive an amount equal to declared and unpaid dividends from September 15, 2023 to, but excluding, the Redemption Date.