The company said that on February 8, 2024, its board of directors approved a new share repurchase program allowing it to buy back up to $3.0 billion of common stock, and terminated its existing program, which eliminated the remaining capacity under it.

1. 01

   The company said that on February 8, 2024, its board of directors approved a new share repurchase program allowing it to buy back up to $3.0 billion of common stock, and terminated its existing program, which eliminated the remaining capacity under it.

2. 02

   The company said it may use the program to opportunistically reduce its share count or offset dilution from share issuances under its equity incentive plans. It also said the program has no specific purchase obligation and no expiration date, and that it may be suspended, extended or discontinued at any time.

3. 03

   The company reported results for Q4 2023 and full-year results. Marc Rowan, Chief Executive Officer, said Fee and Spread Related Earnings growth exceeded 25% and inflows were nearly $160 billion.

4. 04

   The company said it declared a common stock dividend of $0.43 per share for Q4 2023, payable on February 29, 2024. It also declared $0.8438 per share on its Mandatory Convertible Preferred Stock, payable on April 30, 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.