Apollo Global Management (APO) delists 6.75% Series A mandatory convertible preferred from NYSE
Rhea-AI Filing Summary
Apollo Global Management, Inc. is removing its 6.75% Series A Mandatory Convertible Preferred Stock from listing and/or registration on the New York Stock Exchange LLC. The exchange certifies that it has complied with its own rules and relevant SEC regulations for filing this Form 25 and striking this class of securities from listing. The issuer is stated to have complied with exchange rules and SEC requirements governing voluntary withdrawal of this preferred stock from listing and registration.
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Key Figures
Coupon rate: 6.75%
1 metrics
Coupon rate
6.75%
Series A Mandatory Convertible Preferred Stock
Key Terms
Form 25, Mandatory Convertible Preferred Stock, Section 12(b), 17 CFR 240.12d2-2
4 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
Mandatory Convertible Preferred Stock financial
"6.75% Series A Mandatory Convertible Preferred Stock"
A mandatory convertible preferred stock is a type of investment that pays regular income like a preferred share but is designed to automatically turn into a set number of common shares at a future date, much like a timed coupon that becomes company ownership. It matters to investors because it combines a near-term income stream with a guaranteed future increase in the company’s share count, which can dilute existing owners and change earnings-per-share and voting balance.
Section 12(b) regulatory
"REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT"
Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What security is Apollo Global Management (APO) removing from the NYSE?
Apollo Global Management is removing its 6.75% Series A Mandatory Convertible Preferred Stock from listing and/or registration on the New York Stock Exchange LLC, as indicated in the Form 25 filing.
What is the purpose of Apollo Global Management (APO) Form 25 filing?
The Form 25 filing documents the removal from listing and/or registration of Apollo Global Management’s 6.75% Series A Mandatory Convertible Preferred Stock under Section 12(b) of the Securities Exchange Act of 1934.
Which exchange was Apollo Global Management (APO) preferred stock listed on?
The 6.75% Series A Mandatory Convertible Preferred Stock of Apollo Global Management was listed on the New York Stock Exchange LLC, which is the exchange referenced in the Form 25 notification.
Does Apollo Global Management (APO) indicate voluntary withdrawal of this security?
The filing states that the issuer has complied with exchange rules and 17 CFR 240.12d2-2(c), which governs voluntary withdrawal of a class of securities from listing and registration on an exchange.
Which regulations govern Apollo Global Management (APO) delisting process?
The process is governed by Section 12(b) of the Securities Exchange Act and 17 CFR 240.12d2-2, including subsections (b) and (c), covering exchange actions and issuer voluntary withdrawal requirements.