Summary
Ares Management Corp (ARES) filed an 8-K on February 24, 2017, primarily to report its financial results for the fourth quarter and full year ended December 31, 2016. The filing includes a press release and an earnings presentation, which provide detailed operational and financial performance information. Investors should note that this information is furnished and not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, meaning it carries different legal implications regarding incorporation by reference into other SEC filings. In addition to the financial results, the 8-K also announces a declared distribution for the fourth quarter of 2016. A cash distribution of $0.28 per common unit was approved, scheduled to be paid on March 24, 2017, to unitholders of record as of March 10, 2017. This distribution provides a direct return of capital to the company's unitholders.
Key Highlights
- 1Ares Management Corp announced its Q4 and full-year 2016 financial results on February 24, 2017, via press release and earnings presentation.
- 2The filing incorporates by reference Exhibits 99.1 (Press Release) and 99.2 (Earnings Presentation) containing detailed financial and operational data.
- 3A cash distribution of $0.28 per common unit for the fourth quarter of 2016 was declared.
- 4The distribution is payable on March 24, 2017, to common unitholders of record on March 10, 2017.
- 5Information provided is furnished, not filed, under Section 18 of the Securities Exchange Act of 1934.
- 6This means the disclosed information is not automatically incorporated into future SEC filings unless explicitly referenced.