Company: MGRE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001004434-25-000021
Chunk: 6

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 6
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 been one of the most active investors inindependent investment firms over the last 5 years,reflecting ongoing demand among prospectiveAffiliates for AMG’s unique and broad array ofpartnership solutions for independent firms, thestrength of AMG’s existing long-term proprietaryrelationships, and three-decade track record ofsuccessful partnerships |
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| Disciplined CapitalAllocation: AffiliateInvestments,Capital Return, andStrengthenedBalance Sheet |     | Returned approximately $700 million in capital tostockholders, while maintaining strong and flexiblebalance sheet•Excess capital used to further reduce sharesoutstanding by approximately 11% in 2024 andapproximately 36% since the end of 2019•Extended revolver to 2029, paid down $750 million insenior debt, and issued $850 million in institutionaland retail bonds, further strengthening our balancesheet and liquidity profile, and extending theweighted average maturity of our outstanding debt tomore than 20 years                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

36% reduction in shares outstanding Share Count Reduction Additional information on this non-GAAP financial performance measure, including a reconciliation to the most directly comparable GAAP measure, can be found in AMG's 2024 Annual Report on Form 10-K (or, with respect to amounts above for 2020, AMG's Quarterly Report on Form 10-Q for the quarter ended March 31, 2023) under “Supplemental Financial Performance Measures.” Alternatives contribution increased from ~35% to ~50% $795 $9 73 Adjusted EBITDA ($mm) 3-Year AMG Stock Performance Reflects average shares outstanding (adjusted diluted), in millions, as of fourth quarter of each year .

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| Governance Highlights                                |                                                                                                                                                                                                                                                                                                                                                                                                                              |     |                                                                                                                                                                                                                                                                                                                                    |
| Highly Independent andSkilled Board                  | •All Board committees composed entirely of independent directors•The CEO is the only non-independent director•Directors bring a wide array of qualifications, skills, and attributes toAMG’s Board; see “Director Nominee Experience and SkillsOverview” on page 14                                                                                                                                                          |     | •43% of independent director nominees are women, withthree women nominated to serve on the Board•43% of independent director nominees are ethnic minorities                                                                                                                                                                        |
| Non-Executive,Independent Board Chair                |