GlobeNewsWire
30 Jul 2026, 10:45 UTC · 2h ago
Apollo Announces Conversion Rate for Mandatory Convertible Preferred Stock
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
GlobeNewsWire
30 Jul 2026, 10:45 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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Apollo's 6.75% Series A Mandatory Convertible Preferred Stock will automatically convert into common stock on July 31, 2026. — Conversion of preferred shares into common stock typically increases the total share count, leading to dilution for existing common shareholders.
-0.30Apollo-managed funds and affiliates have agreed to invest $1.5 billion into Keppel. — A significant capital deployment into a strategic partner indicates growth in assets under management and potential for future returns.
+0.20The conversion rate for the Series A Preferred Stock is set at 0.5074 shares of common stock per preferred share. — This is a technical execution detail of the conversion process and does not change the fundamental valuation of the company.
+0.00Which stocks this story touches
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The company is announcing a scheduled conversion of preferred stock and continuing investment activities, which is largely a routine corporate action.
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