PreferredStockChannel

Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Fri, May 20, 10:15 PM

Slide #292. Ares Management, L.P. Preferred Stock Offering

Company: Ares Management, L.P. (NYSE:ARES)
Date announced: 6/2/2016
Shares Offered: 11,000,000
Date of Pricing: 6/2/2016
Price Per Share: $25.00
Preferred Stock Offering Details: Ares Management, L.P. (NYSE:ARES) today announced the pricing of a $275 million offering of 11,000,000 of its 7.00% Series A Preferred Units representing limited partner interests with a liquidation preference of $25.00 per unit. In addition, Ares has granted the underwriters an option to purchase up to an additional 1,650,000 Series A Preferred Units solely to cover over-allotments.

Ares Management is a holding company. Through its subsidiaries, Co. is an alternative investment manager. Co.'s complementary investment groups include: Credit, which provides solutions for investors seeking to access a range of credit assets, including liquid credit, alternative credit products and direct lending products; Private Equity, which categorizes its investment activities into three strategies, Corporate Private Equity, Special Opportunities and Infrastructure and Power; Real Estate, which manages public and private equity and debt strategies; and Secondary Solutions, which invests in secondary markets across a range of alternative asset class strategies including private equity.

Preferred: ARES.PRA


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Name: 
Ares Management Corp
Website: 
www.aresmgmt.com
Sector: 
Asset Management
Number of ETFs Holding ARES: 
53 (see which ones)
Total Market Value Held by ETFs: 
$1,109,909,537.6
Total Market Capitalization: 
$11,432,000,000
% of Market Cap. Held by ETFs: 
9.71%
 

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