secwatch.observer — SEC 8-K summary
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Issuer:     Ares Management Corp (ARES)
CIK:        0001176948
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001628280-24-034260
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Q2 2024 after-tax realized income $332M; raises $26B in capital, declares $0.93 dividend
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- GAAP net income $94.9M ($0.43 EPS); after-tax realized income $332.0M ($0.99 per share).
- Fee related earnings $324.5M; record available capital >$120B.
- Gross fundraising $26B in quarter, highest ever; deployment second highest in firm history.
- Quarterly dividend $0.93 per share payable Sept 30, 2024 to holders of record Sept 16.
- CEO cites improving transaction environment; expects additional earnings growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176948/000162828024034260/0001628280-24-034260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176948/000162828024034260/ares-20240802.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-034260

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer