Apollo sets 0.51 common-share conversion rate for 6.75% Series A mandatory convertible preferred stock

Reuters2026/07/30 10:51

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Apollo set a 0.5074 common-share conversion rate for each share of its 6.75% Series A Mandatory Convertible Preferred Stock.
The preferred shares will automatically convert into common stock on July 31, 2026; cash will be paid in lieu of fractional shares.
Holders of record as of July 15, 2026 will receive a final quarterly cash dividend of $0.8438 per preferred share on conversion date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Apollo Global Management Inc. published the original content used to generate this news brief on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Apollo sets 0.51 common-share conversion rate for 6.75% Series A mandatory convertible preferred stock

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