2017 K-1s to be Mailed and Made Available Online
Effective March 1, 2018, Investors to Receive Form 1099-DIV Reporting
LOS ANGELES--(BUSINESS WIRE)--
Ares Management, L.P. (NYSE:ARES) announced today that 2017 tax
information is now available on its website for investors that owned
Ares Common Units or Ares Series A Preferred Units during 2017. To
access their information (including Schedule K-1), investors may go to www.aresmgmt.com
on the Investor Resources section under Tax Information, or they may
visit www.taxpackagesupport.com/ares.
Mailing of the 2017 K-1s is expected to commence today and should be
completed by March 31, 2018.
Investors should receive a final 2018 Schedule K-1 (to be reported on
their 2018 tax returns) for the pre-conversion period covering January
1, 2018 to February 28, 2018 in March 2019.
Effective March 1, 2018, Ares Management, L.P. elected to be treated as
a corporation (rather than a partnership) for U.S. federal and state tax
purposes. Accordingly, investors will receive Form 1099-DIV reporting
for any future distributions received from Ares Management, L.P.
In addition, Common Units and Preferred Units issued by Ares Management,
L.P. are now referred to as Common Shares and Preferred Shares,
respectively. Ares Management, L.P. continues to be a limited
partnership under Delaware state law.
For additional assistance and information, ARES investors may call toll
free 855-826-8319.
About Ares Management, L.P.
Ares Management, L.P. is a publicly traded, leading global alternative
asset manager with approximately $106.4 billion of assets under
management as of December 31, 2017 and 18 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.
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 Ares’ filings with the Securities
and Exchange Commission. Ares Management, L.P. undertakes no duty to
update any forward-looking statements made herein.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180322005175/en/
Media:
Mendel Communications
Bill Mendel, 212-397-1030
[email protected]
or
Investors:
Ares
Management, L.P.
Carl Drake, 800-340-6597
[email protected]
Source: Ares Management, L.P.
