Summary
Ares Management Corp (ARES) filed an 8-K on October 27, 2021, primarily to report its third-quarter 2021 financial results and to announce a quarterly dividend. The company issued a press release and an accompanying earnings presentation detailing its performance for the quarter ended September 30, 2021. Investors should refer to these attached exhibits (99.1 and 99.2) for comprehensive financial details, as this 8-K filing itself largely directs readers to those documents. The information provided is furnished and not deemed 'filed' under Section 18 of the Exchange Act, meaning it doesn't automatically become part of other SEC filings unless specifically incorporated. In addition to the quarterly results, the filing also disclosed the declaration of a quarterly dividend of $0.47 per share for Class A common stock. This dividend is scheduled to be paid on December 31, 2021, to shareholders of record as of December 17, 2021. This announcement provides a direct return of capital to shareholders, which is a key consideration for many investors in Ares Management Corp.
Key Highlights
- 1Ares Management Corp announced its third-quarter 2021 financial results via press release and earnings presentation (Exhibit 99.1 and 99.2).
- 2The company declared a quarterly dividend of $0.47 per share for its Class A common stock.
- 3The dividend payment date is set for December 31, 2021.
- 4The record date for the dividend is December 17, 2021.
- 5The 8-K filing directs investors to the attached press release and presentation for detailed financial performance information.
- 6Information furnished in this 8-K is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.