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Ares Management calls all $310 million 7% series A preferred stock
By Wendy Van Sickle
Columbus, Ohio, May 28 – Ares Management LP will redeem all $310 million of its 7% series A preferred stock (Cusip: 03990B200) on June 30, according to an 8-K filed with the Securities and Exchange Commission.
The preferreds will be redeemed at par of $25.00 apiece. The previously declared dividend of $0.4375 per share will be paid on the redemption date, which is the regular dividend payment date.
Ares is a Los Angeles-based asset management firm.
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