Yuji Sakai The Flaherty & Crumrine Total Return Fund (FLC) is a fairly popular closed-end fund, or CEF, among investors who are seeking to earn a high level of income from the assets in their portfolios. Unfortunately, like all the closed-end funds from this particular fund house, the Flaherty & Crumrine Total Return Fund is nowhere near as attractive an income vehicle as it once was. The fund yields 6.70% at the current price, and while this is better than many other things in the market, it still comp ...

Table of Contents Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock APO New York Stock Exchange 6.75% Series A Mandatory Convertible Preferred Stock APO.PRA New York Stock Exchange 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053 APOS New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 ...

We Are This is my quarterly update on Apollo (NYSE:APO) and its insurance (aka retirement) subsidiary Athene. We will summarize the last quarter, play with valuations, and dive deeper into Athene including its preferred stocks. I would refer to my old articles for those unfamiliar with Apollo's structure. But for convenience, I will explain it briefly below. The company consists of an alternative asset manager Apollo ("old Apollo") and an annuity provider Athene. Apollo charges various fees for managing ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Spokespeople for Paramount, Redstone's National Amusements, the special committee and Skydance declined to comment. Sony and Apollo did not immediately respond to requests for comment.Skydance Media hasn't heard anything from the special committee yet, though it expects to find out the special committee's recommendations on next moves as early as Thursday, according to people familiar with the matter. Paramount's panel could recommend approving Skydance's offer or rejecting it, or it could come back to the ...

Partners Sony and Apollo have formally reached out to Paramount‘s special board committee asking to discuss a potential $26 billion offer, Deadline has learned. It comes as Par’s exclusive negotiating window with David Ellison‘s Skydance is set to expire. Paramount share jumped 12% on the news. Investors would vastly prefer a Sony/Apollo acquisition to a Skydance deal as it currently configured, even after Skydance made a revised offer, that was said to be its best and last, last week. Sony and Apollo’s o ...

Sony and Apollo Global Management are reportedly bidding big for Paramount.Advertisement Sony and the private equity firm teamed up for an all-cash offer of $26 billion for Paramount Global, The Wall Street Journal reported on Thursday.The bid was officially sent on Wednesday, the Journal reported, based on anonymous sources. Sony and Apollo's offer was nonbinding, according to the Journal.Skydance Media and its largest private-equity backer RedBird Capital Partners have also been trying to win over Paramo ...

财务数据和关键指标变化 - 公司报告了462百万美元的FRE,同比增长16% [1][2] - 公司报告了817百万美元的SRE,同比增长19% [1][2] - 公司总收益达到13亿美元,同比增长26% [1] 各条业务线数据和关键指标变化 - 资产管理业务FRE增长16%,收入增长13%,成本增长9% [6] - 退休服务业务SRE增长低个位数,净息差约160-165个基点 [7] - 主要受到两个因素影响:1)新业务成本上升,资产部署延迟;2)部分浮动利率头寸对冲导致成本上升 [7] 各个市场数据和关键指标变化 - 公司在第一季度共获得400亿美元的新增资金,其中20亿来自资产管理业务,20亿来自退休服务业务 [2][4] - 公司在第一季度共完成400亿美元的新增贷款,其中一半来自公司自有平台 [2][3] - 公司在全球财富管理渠道的月度流入接近10亿美元,较上季度大幅增加 [5] 公司战略和发展方向及行业竞争 - 公司看好退休服务和私人市场投资两大趋势,认为未来有巨大增长潜力 [3][4] - 公司将继续专注于高质量的资产投放,控制风险,不会为了追求高收益而过度杠杆 [9][10] - 公司正在拓展资产支持融资等新业务,以满足客户需求并获取更多投资机会 [10][11] 管理层对经营环境和未来前景的评论 - 管理层对公司前景充满信心,认为今年的财务目标可以实现 [2] - 管理层认为行业有巨大增长空间,公司有望在未来5年内将业务规模翻一番 [12] - 管理层强调公司将专注于高质量的资产投放和风险管控,不会为了追求高收益而放松标准 [9][10] 问答环节重要的提问和回答 问题1 **Glenn Schorr 提问** 询问公司是否考虑从销售佣金向收益分成的分销模式转变 [8] **Martin Kelly 回答** 公司目前采用多种分销模式,包括销售佣金和收益分成,根据不同产品和渠道采取不同的方式,没有统一转向收益分成的计划 [8] 问题2 **Alex Blostein 提问** 询问公司第三方募资的展望及对收益率的影响 [9] **Jim Zelter 回答** 公司第三方募资保持强劲增长势头,预计全年目标50亿美元可以实现。公司不会为了募集资金而降低标准,而是专注于为客户提供优质的投资机会 [9] 问题3 **Ben Budish 提问** 询问退休服务业务的流入情况及相关诉讼的影响 [10][11] **Marc Rowan 回答** 公司退休服务业务的流入情况受到成本上升和定价环境变化的影响。相关诉讼可能会抑制整个行业的交易活动,但公司作为行业龙头有优势应对 [10][11]

For the quarter ended March 2024, Apollo Global Management Inc. (APO) reported revenue of $839 million, up 13.1% over the same period last year. EPS came in at $1.72, compared to $1.42 in the year-ago quarter.The reported revenue represents a surprise of +1.41% over the Zacks Consensus Estimate of $827.33 million. With the consensus EPS estimate being $1.81, the EPS surprise was -4.97%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Apollo Global Management, Inc. First Quarter 2024 Earnings 1Q'24 Per Share LTM 1Q'24 Per Share GAAP Financial Measures ($ in millions, except per share amounts) Net Income Attributable to Apollo Global Management, Inc. Common Stockholders $1,403 $2.31 Segment and Non-GAAP Financial Measures ($ in millions, except per share amounts) Fee Related Earnings (“FRE”) $462 $0.75 $1,833 $3.00 Spread Related Earnings (“SRE”) $817 $1.32 $3,237 $5.30 Fee and Spread Related Earnings $1,279 $2.07 $5,070 $8.30 Principal I ...