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Ares Management Corporation Reports First Quarter 2021 Results Apr 29 , 2021 6:00 AM LOS ANGELES -- ( BUSINESS WIRE ) -- Ares Management Corporation ( NYSE : ARES ) today reported its financial results for its first quarter ended March 31 , 2021 . GAAP net income attributable to Ares Management Corporation was $ 58.4 million for the quarter ended March 31 , 2021. On a basic basis , net income attributable to Ares Management Corporation per share of Class A common stock was $ 0.33 for the quarter ended March 31 , 2021 . On a diluted basis , net income attributable to Ares Management Corporation per share of Class A common stock was $ 0.32 for the quarter ended March 31 , 2021 . After - tax realized income , net of Series A preferred stock dividends , was $ 127.6 million for the quarter ended March 31 , 2021. After - tax realized income per share of Class A common stock , net of Series A preferred stock dividends , was $ 0.46 for the quarter ended March 31 , 2021. Fee related earnings was $ 128.5 million for the quarter ended March 31 , 2021 . “ During the first quarter , we crossed a major milestone for our company by surpassing $ 200 billion in assets under management after reaching $ 100 billion just four years ago , " said Michael Arougheti , Chief Executive Officer and President of Ares . “ Our 39 % growth in assets under management was supported by continued strong momentum in both fundraising and fund performance as we generated attractive investment solutions for our investors . Looking ahead to the rest of 2021 , we see a constructive market backdrop and strong fundamentals for the core drivers of our business and we continue to see favorable industry tailwinds and significant expansion opportunities for us on the longer term horizon . " " We are off to a strong start to the year with $ 10 billion of new capital raised , 38 % growth in our fee related earnings and record quarterly deployment , ” said Michael McFerran , Chief Operating Officer and Chief Financial Officer of Ares . " With over $ 56 billion of available capital in flexible investment strategies , we are well positioned for continued growth as we continue to leverage the advantages of our expanding investment platform and global presence . " Common Dividend Ares declared a quarterly dividend of $ 0.47 per share of its Class A common stock , payable on June 30 , 2021 to its Class A common stockholders of record at the close of business on June 16 , 2021 . Dividend Reinvestment Program Ares has a Dividend Reinvestment Program for its Class A common stockholders that will be effective for the quarterly dividend on June 30 , 2021. American Stock Transfer and Trust Company is engaged to administer the plan on behalf of the Company . Additional information can be located on the Investor Resources section of our website . Preferred Dividend