Ares Management Corporation
Our common shares and preferred shares are listed and traded on the New York Stock Exchange (“NYSE”) under the ticker symbols 'ARES' and 'ARES.PRA', respectively.
No. Investors may purchase shares only through a broker.
Prior to March 1, 2018, Ares was taxed as a partnership and was required to provide stockholders with a Schedule K-1, which separately reports items of income, gain, loss, deduction and credits. Effective March 1, 2018, Ares elected to be taxed as a corporation for both U.S. federal and state purposes, but did not undergo a complete legal conversion to a state law corporation until November 26, 2018. Common and preferred stockholders will receive a final Schedule K-1 for the period from January 1, 2018 through February 28, 2018. The final Schedule K-1 will be available approximately in late February 2019 and should be reported on stockholders’ 2018 tax return. Since March 1, 2018, we refer to our publicly traded units as "shares" due to their similarity in tax attributes with corporate shares.

We elected to be taxed as a corporation to simplify investor tax reporting by eliminating the Schedule K-1 reporting and the burden of filing multiple state tax returns related to our activities in those states. We also believed that this election could open up our shares to a broader investor base and enhance our liquidity and trading volume.

Ares converted to a state law corporation on November 26, 2018. Although there was no change to Ares' income tax treatment as a result of the state law conversion, we believe that the Delaware state law conversion may enable potential inclusion on certain equity index funds, leading to greater liquidity and broader institutional ownership

Dividends made after March 1, 2018 will be reported on Form 1099-DIV. Our dividends will generally constitute as “qualified dividend income” for U.S. individuals and may qualify for the same preferential U.S. federal rates as long-term capital gains. On November 26, 2018, Ares converted from a limited partnership to a corporation under Delaware state law, but this state law conversion had no impact on Ares' income tax treatment.
In conjunction with the election, to be taxed as a corporation effective March 1, 2018, we adopted a new dividend policy. Ares intends to provide a steady quarterly dividend with future changes based on the level and growth of after-tax fee related earnings. Although Ares may declare special dividends in times of heightened performance fee realizations, Ares intends to retain new performance fee earnings to fund future growth and for potential share repurchases. The declaration, payment, and determination of the amount of future dividends, if any, is at the sole discretion of our Board of Directors, which may change our dividend policy at any time. The state law conversion does not have any impact to this policy
Ares Management Corporation’s CUSIP number for its common shares is 03990B 101.

Our transfer agent and registrar is American Stock Transfer & Trust Company, LLC.

American Stock Transfer & Trust Company, LLC.
6201 15th Ave
Brooklyn, NY 11219
Toll-Free: (877) 681-8121
Phone: (718) 921-8200
Fax: (718) 236-2641
[email protected]

Overnight Address:
American Stock Transfer & Trust Company
Operations Center
6201 15th Avenue
Brooklyn, NY 11219

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These FAQs address only certain U.S. federal income tax consequences applicable to Ares’ shareholders generally. Ares does not provide tax advice and nothing herein should be considered as such. Each recipient should consult its own tax advisor concerning the particular U.S. federal income, U.S. federal estate or gift, state, local, foreign and other tax consequences to it.

Note: For ease of reference, we are referring to our publicly traded units following our change in corporate tax status as “shares” due to their similar tax attributes as compared to corporate shares.