Summary
Ares Management Corp (ARES) filed an 8-K on May 18, 2017, primarily to announce a change to the record date for its first quarter 2017 common distribution. The record date was moved from May 22, 2017, to May 30, 2017. This adjustment was made to ensure consistency with stock exchange requirements regarding the dividend record date. Importantly, the declared cash distribution amount of $0.13 per common unit and the payment date of June 5, 2017, remain unchanged. Investors holding ARES common units should note this updated record date for their eligibility to receive the first-quarter distribution.
Key Highlights
- 1Ares Management, L.P. (ARES) adjusted the record date for its Q1 2017 common distribution.
- 2The record date was moved from May 22, 2017, to May 30, 2017.
- 3The change was made to comply with stock exchange requirements for the record date.
- 4The cash distribution per common unit remains $0.13.
- 5The distribution payment date of June 5, 2017, is unchanged.
- 6The filing includes a press release dated May 18, 2017, as an exhibit.
Frequently Asked Questions
The main purpose of this 8-K filing is to officially announce a change in the record date for Ares Management's first quarter 2017 common unit distribution.
No, the cash distribution per common unit remains $0.13, and the payment date of June 5, 2017, is also unchanged.
The record date was moved from May 22, 2017, to May 30, 2017, to ensure it aligns with stock exchange requirements for dividend record dates.
Common unitholders who are of record on the new record date, May 30, 2017, will be eligible to receive the $0.13 per common unit distribution.