Company: APO
Filing Date: 2025-05-12
Form Type: S-4/A
Source: 0001193125-25-117912
Chunk: 136

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-12
Form: S-4/A
Chunk 136
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 Related Earnings is a supplemental performance measure that represents the net amount of realized                                                                                         
 performance allocations that is attributable to Bridge LLC after adjusting for compensation and non-controlling interest for Bridge’s closed-end funds. The amount                                    
 is derived by the summation of total incentive fees and realized performance allocations less incentive fee compensation, realized performance allocations compensation, and non-controlling interest 
 attributable for Bridge’s closed-end funds.                                                                                                                                                           |

| (5) | Distributable Earnings Attributable to Bridge LLC differs from net income before the provision for income                                                                                                                                           
 taxes, computed in accordance with GAAP in that it does not include depreciation and amortization, income (loss) from consolidated Bridge-sponsored funds, unrealized performance allocations and related compensation expense, unrealized gains    
 (losses), share-based compensation, cash net income attributable to non-controlling interests, charges (credits) related to corporate actions and non-recurring items.                                                                              
 Such items, where applicable, include: charges associated with acquisitions or strategic investments, changes in the TRA liability, corporate conversion costs, amortization and any impairment charges associated with acquired intangible assets, 
 transaction costs associated with acquisitions, impairment charges associated with lease right-of-use assets, gains and losses from the retirement of debt, charges                                                                                 
 associated with contract terminations and employee severance.                                                                                                                                                                                       |

| (6) | Total Shares reflects the number of shares of Class A common stock forecasted to be outstanding as of the                                             
 end of the applicable period. The number of shares of Class A common stock outstanding was assumed to increase by 2% on January 1 on an annual basis. |

Additional Information Concerning the Projections The summaries of the December Baseline Projections and December Projections (collectively, the “Bridge Management Projections”) are being included in this proxy statement/prospectus to give Bridge’s stockholders access to non-publicinformation that was provided to the Bridge Board, special committee and their respective financial advisors, J.P. Morgan and Lazard, for the purposes described above, and are not intended to influence your decision whether to vote in favor of the merger proposal or any other proposal at the special meeting. The inclusion of this information should not be regarded as an indication that any of Bridge or its advisors or other representatives or any other recipient of this information considered, or now considers, it to be necessarily predictive of actual future performance or events, or that it should be construed as financial guidance, and such summary projections set forth below should not be relied on as such. While