Ares said GAAP net income attributable to Ares Management Corporation for the quarter ended June 30, 2024 was $94.9 million, and net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.43 on both a basic and diluted basis.

1. 01

   Ares said GAAP net income attributable to Ares Management Corporation for the quarter ended June 30, 2024 was $94.9 million, and net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.43 on both a basic and diluted basis.

2. 02

   The company said after-tax realized income for the quarter ended June 30, 2024 was $332.0 million, or $0.99 per share of Class A common stock, and fee related earnings were $324.5 million.

3. 03

   Ares said it raised $26 billion in capital in Q2, with gross fundraising at the highest level in the firm's history and deployment at its second highest level. It also said it had a record amount of available capital of more than $120 billion.

4. 04

   Ares declared a quarterly dividend of $0.93 per share on its Class A and non-voting common stock, payable on September 30, 2024 to stockholders of record at the close of business on September 16, 2024, the company said.

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Original filing

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