PreferredStockChannel
Ares Management Corp | 7.00% Series A Preferred Units (ARES.PRA)

This preferred is marked as having been called.
Prospectus excerpt:  At any time or from time to time on or after June 30, 2021, we may, at our option, redeem the Series A Preferred Units, in whole or in part, at a price of $25.00 per Series A Preferred Unit plus declared and unpaid distributions, if any. See "Description of the Series A Preferred Units¨Optional Redemption." If a Change of Control Event (defined herein) occurs prior to June 30, 2021, we may, at our option, redeem the Series A Preferred Units, in whole but not in part, at a price of $25.25 per Series A Preferred Unit plus declared and unpaid distributions, if any. If (i) a Change of Control Event occurs (whether before, on or after June 30, 2021) and (ii) we do not give notice prior to the 31st day following the Change of Control Event to redeem all the outstanding Series A Preferred Units, the distribution rate per annum on the Series A Preferred Units will increase by 5.00%, beginning on the 31st day following such Change of Control Event. See "Description of the Series A Preferred Units¨Change of Control Redemption." The Series A Preferred Units will rank equally with other series of our parity units, junior to our senior units and senior to our junior units (as such terms are defined herein) with respect to payment of distributions and distribution of our assets upon our liquidation, dissolution or winding up. See "Description of the Series A Preferred Units¨Ranking." The Series A Preferred Units will not have any voting rights, except as set forth under "Description of the Series A Preferred Units¨Voting Rights."

Full Prospectus PDF », ARES Page »

Series:A
Alternate symbology:ARES-A, ARES-PA, ARESprA
Redeemable?:Yes
Call Date:6/30/2021 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:11,000,000
Liquidation Preference:$25
Original Coupon:7.00%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn ARES.PRA's Rating
Ares Management is a holding company. Through its subsidiaries, Co. is an alternative investment manager. Co. has three investment groups: Credit, which provides solutions for investors seeking to access credit assets, including liquid credit and direct lending markets; Private Equity, which categorizes its investment activities into four strategies, Corporate Private Equity, Infrastructure and Power, Special Opportunities and Energy Opportunities; and Real Estate, which provides investors access to its capabilities through several vehicles such as U.S. and European real estate private equity commingled funds and real estate equity and real estate debt separately managed accounts.

Preferred: ARES.PRA


Open the ARES Information Page »
Name: 
Ares Management Corp
Website: 
www.aresmgmt.com
Sector: 
Asset Management
Number of ETFs Holding ARES: 
51 (see which ones)
Total Market Value Held by ETFs: 
$775,037,100.84
Total Market Capitalization: 
$13,266,000,000
% of Market Cap. Held by ETFs: 
5.84%

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