secwatch.observer — SEC 8-K summary
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Issuer:     Ares Management Corp (ARES)
CIK:        0001176948
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001628280-24-044637
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Q3 GAAP net income $118.5M ($0.55/sh); realized income $316M ($0.95/sh); FRE $339.3M
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- Fee-related earnings of $339.3M; after-tax realized income of $316.0M ($0.95/sh).
- Year-to-date fundraising over $64B; management expects record ~$80B for full-year 2024.
- Q3 deployment reached nearly $30B; over $85B in AUM not yet paying fees.
- Quarterly dividend raised to $0.93/sh payable Dec 31, 2024 to holders of record Dec 17.
- Preferred dividend of $0.759375/sh declared on 6.75% Series B mandatory convertible preferred.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176948/000162828024044637/0001628280-24-044637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176948/000162828024044637/ares-20241101.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-044637

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