Affiliated Managers Group, Inc. (NYSE:AMG) Files An 8-K Results of Operations and Financial ConditionItem 2.02
On January29, 2018, Affiliated Managers Group, Inc. (the “Company”) issued a press release setting forth its financial and operating results for the quarter and year ended December31, 2017.
The press release announced that the Company’s Board of Directors authorized and declared a quarterly dividend of $0.30 per share of common stock, payable February23, 2018 to stockholders of record as of the close of business on February8, 2018.
The press release further announced that the Board of Directors authorized an additional share repurchase program, to which the Company may repurchase up to 3.4million shares of its issued and outstanding shares of common stock. Purchases may be made from time to time, at management’s discretion, in the open market or in privately negotiated transactions, including through the use of derivatives and accelerated share repurchase programs. This additional authorization, combined with the remaining shares available for repurchase under the Company’s January 2017 program, provides for a total of 5.0million shares available for repurchase under the Company’s share repurchase programs, which do not expire.
A copy of the press release announcing the Company’s earnings results, the dividend and the share repurchase authorization is furnished as Exhibit 99.1 hereto, except for such portions which are filed, as noted below under Item 2.02.
Item 2.02 | Financial Statements and Exhibits. |
The financial statement tables set forth on pages 4 through 12 in Exhibit 99.1 hereto are “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, and shall be deemed incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended. The remaining information in Exhibit 99.1 is being “furnished” to the Securities and Exchange Commission as provided to General Instruction B.2 of Form 8-K.
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AFFILIATED MANAGERS GROUP, INC. ExhibitEX-99.1 2 d516357dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Investor and Media Relations: Alexandra Lynn Selene Oh +1 (617) 747-3300 [email protected] [email protected] AMG Reports Financial and Operating Results for the Fourth Quarter and Full Year 2017 Company Reports EPS of $5.50,…To view the full exhibit click here
About Affiliated Managers Group, Inc. (NYSE:AMG)
Affiliated Managers Group, Inc. is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies. The Company manages assets in its three distribution channels: Institutional, Mutual Fund and High Net Worth. Through its Affiliates, the Company manages active return-oriented strategies primarily through separate accounts for large institutional investors around the world, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities. The Company’s aggregate assets under management are $611.3 billion in over 500 investment products across a range of active return-oriented strategies and distribution channels.