Apollo Global Management, LLC Reports Third Quarter 2018 Results

Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the third quarter ended September 30, 2018.

“Apollo’s financial results for the third quarter of 2018 were driven by solid investment performance across each of our businesses, which underscores the strength of our integrated global investment platform,” said Leon Black, Chairman and Chief Executive Officer. “Apollo’s third quarter Fee-Related Earnings of $0.48 per share, which is the key foundational component of our quarterly cash distribution, grew by 20% year-over-year, and is bolstered by a large base of long-dated and permanent capital.”

Apollo issued a full detailed presentation of its third quarter ended September 30, 2018 results, which can be viewed through the Shareholders section of Apollo’s website at http://www.apollo.com/shareholders.

Distributions

Apollo has declared a cash distribution of $0.46 per Class A share for the third quarter ended September 30, 2018. This distribution will be paid on November 30, 2018 to holders of record at the close of business on November 20, 2018. Apollo intends to distribute to its shareholders on a quarterly basis substantially all of its distributable earnings after taxes and related payables in excess of amounts determined by its manager to be necessary or appropriate to provide for the conduct of its business.

Apollo has declared a cash distribution of $0.398438 per Series A Preferred share and Series B Preferred share, which will be paid on December 17, 2018 to holders of record at the close of business on November 30, 2018.

The declaration and payment of distributions on Class A shares, Series A Preferred shares and Series B Preferred shares are at the sole discretion of Apollo’s manager. Apollo cannot assure its shareholders that they will receive any distributions in the future.

Conference Call

Apollo will host a conference call on Wednesday, October 31, 2018 at 10:00 a.m. Eastern Time. During the call, members of Apollo’s senior management team will review Apollo’s financial results for the third quarter ended September 30, 2018. The conference call may be accessed by dialing [phone] (U.S. domestic) or [phone] (international), and providing conference call ID 9055047 when prompted by the operator. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast of the conference call will be available to the public on a listen-only basis and can be accessed through the Shareholders section of Apollo’s website at http://www.apollo.com/shareholders.