Apollo sets 0.51 common-share conversion rate for 6.75% Series A mandatory convertible preferred stock - APO News | RalliesApollo sets 0.51 common-share conversion rate for 6.75% Series A mandatory convertible preferred stock
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APO• Conversion rate and automatic conversion date
- Apollo set a 0.5074 common-share conversion rate for each share of its 6.75% Series A Mandatory Convertible Preferred Stock.
- The preferred shares will automatically convert into common stock on July 31, 2026; cash will be paid in lieu of fractional shares.
- Holders of record as of July 15, 2026 will receive a final quarterly cash dividend of $0.8438 per preferred share on conversion date.
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