OREANDA-NEWS. Apollo Global Management, LLC (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the second quarter ended June 30, 2016.

“Apollo delivered strong financial results for the second quarter of 2016, driven by positive investment performance across our integrated global platform,” said Leon Black, Chairman and Chief Executive Officer. “In addition, the funds we manage generated significant new inflows, and deployed or committed more than $7.5 billion to new investments in private equity, credit and real estate.”

Distribution

Apollo has declared a second quarter ended June 30, 2016 cash distribution of $0.37 per Class A share. This distribution will be paid on August 31, 2016 to holders of record at the close of business on August 22, 2016. Apollo intends to distribute to its shareholders on a quarterly basis substantially all of its distributable earnings after taxes and related payables in excess of amounts determined by its manager to be necessary or appropriate to provide for the conduct of its business. However, Apollo cannot assure its shareholders that they will receive any distributions in the future.

About Apollo

Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Chicago, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. Apollo had assets under management of approximately $186 billion as of June 30, 2016 in private equity, credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources.