Ares Management Corporation (“Ares”), which was previously a state law limited partnership, elected to be taxed as a corporation for federal and state income tax purposes effective March 1, 2018. Ares converted to a state law corporation and changed its name to Ares Management Corporation effective November 26, 2018. Both common and preferred shareholders will receive a Form 1099-DIV from their brokers for distributions made after March 1, 2018.
Prior to March 1, 2018, Ares was treated as a partnership for U.S. federal and state income tax purposes. Both common and preferred shareholders should have received a final Schedule K-1 for the tax period ending February 28, 2018.
Please see our FAQ links below for further information:
Distributions made to common and preferred shareholders after March 1, 2018 will be reported on Form 1099-DIV. Please see link below for tax information pertaining to distributions.
IRS Form 8937
Issuers of corporate securities are required to complete Internal Revenue Service Form 8937 to report organizational actions, including nontaxable distributions that affect the basis of the securities involved in the organizational action. The tax information contained herein is provided for informational purposes only and should not be construed as legal or tax advice. Ares does not provide legal or tax advice. Shareholders are encouraged to consult their tax advisors regarding their income tax consequences of these distributions under the laws of the United States (federal, state, and local) and any other applicable non-U.S. jurisdiction