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Section 1: 8-K (8-K)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 


 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported) May 18, 2017

 

ARES MANAGEMENT, L.P.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

001-36429

 

80-0962035

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

2000 Avenue of the Stars, 12th Floor, Los Angeles, CA

 

90067

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code (310) 201-4100

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

 

 



 

Item 8.01 Other Events

 

Change to Record Date for First Quarter Common Distribution

 

On May 8, 2017, Ares Management, L.P. (the “Company”) issued a press release and Current Report on Form 8-K announcing the declaration of a cash dividend of $0.13 per common unit for the first quarter of 2017 payable on June 5, 2017 to common unitholders of record as of May 22, 2017. On May 18, 2017, the Company announced that the record date for the Company’s first quarter common distribution has been moved from May 22, 2017 to May 30, 2017. The change in date ensures that the record date for the distribution is consistent with stock exchange requirements. The previously announced distribution of $0.13 per common unit and payment date of June 5, 2017 remain unchanged. A copy of the press release issued on May 18, 2017 is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d)  Exhibits:

 

Exhibit Number

 

Description

 

 

 

99.1

 

Press Release of Ares Management, L.P., dated May 18, 2017

 

2



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

ARES MANAGEMENT, L.P.

 

 

By: Ares Management GP LLC, its general partner

Date: May 18, 2017

 

 

 

 

 

 

By:

/s/ Michael R. McFerran

 

Name:

Michael R. McFerran

 

Title:

Chief Financial Officer

 

3



 

Exhibit Index

 

Exhibit Number

 

Description

 

 

 

99.1

 

Press Release of Ares Management, L.P., dated May 18, 2017

 

4


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Section 2: EX-99.1 (EX-99.1)

Exhibit 99.1

 

 

Ares Management, L.P. Changes Record Date for First Quarter Common Distribution

 

Amount and Payment Date Remain Unchanged

 

LOS ANGELES—Ares Management, L.P. (NYSE:ARES) (the “Company”) today announced that the record date for the Company’s upcoming first quarter common distribution has been moved from May 22, 2017 to May 30, 2017.  The change in date ensures that the record date for the distribution is consistent with stock exchange requirements.  The previously announced distribution of $0.13 per common unit and payment date of June 5, 2017 remain unchanged.

 

About Ares Management, L.P.

 

Ares Management, L.P. is a publicly traded, leading global alternative asset manager with approximately $100 billion of assets under management as of March 31, 2017 and more than 15 offices in the United States, Europe, Asia and Australia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its three distinct but complementary investment groups in Credit, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole. For more information, visit www.aresmgmt.com.

 

Forward-Looking Statements

 

Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Ares Management, L.P. undertakes no duty to update any forward-looking statements made herein or on the webcast/conference call.

 

Contacts

 

Investors:

 

Carl Drake, 800-340-6497

cdrake@aresmgmt.com

or

Priscila Roney, 212-808-1185

proney@aresmgmt.com

 

Media:

 

Mendel Communications

Bill Mendel, 212-397-1030

bill@mendelcommunications.com

 


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