Company: APO
Filing Date: 2025-09-02
Form Type: 424B7
Source: 0000950142-25-002341
Chunk: 62

Company: Apollo Global Management, Inc.
Filing Date: 2025-09-02
Form: 424B7
Chunk 62
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shares offered by that prospectus supplement and any general terms outlined in this section that will not apply to those depositary shares.

We may issue depositary receipts representing
interests in a particular series of Preferred Stock which are called depositary shares. We will deposit the series of Preferred Stock
which are the subject of depositary shares with a depositary to be named in the applicable prospectus supplement, which will hold the
shares of Preferred Stock for the benefit of the holders of the depositary shares, in accordance with a deposit agreement between the
depositary and us. The holders of depositary shares will be entitled to all the rights and preferences of the shares of Preferred Stock
to which the depositary shares relate, including dividend, voting, conversion, redemption and liquidation rights, to the extent of their
interests in the Preferred Stock.

While the deposit agreement relating to a particular
series of Preferred Stock may have provisions applicable solely to that series of Preferred Stock, all deposit agreements relating to
shares of Preferred Stock we issue will include the following provisions.

Distributions

Each time we pay a cash distribution with regard
to shares of Preferred Stock of a series, the depositary will distribute to the holder of record of each depositary share relating to
that series of Preferred Stock an amount equal to the distribution per depositary share the depositary receives. If there is a distribution
of property other than cash, the depositary either will distribute the property to the holders of depositary shares in proportion to the
depositary shares held by each of them, or the depositary will, if we approve, sell the property and distribute the net proceeds to the
holders of the depositary shares in proportion to the depositary shares held by them.

Withdrawal of Preferred Stock

A holder of depositary shares will be entitled
to receive, upon surrender of depositary receipts representing depositary shares, the number of whole or fractional shares of the applicable
series of Preferred Stock, and any money or other property, to which the depositary shares relate.

Redemption of Depositary Shares

Whenever we redeem shares of Preferred Stock
held by a depositary, the depositary will be required to redeem, on the same redemption date, depositary shares constituting, in total,
the number of shares of Preferred Stock held by the depositary which we redeem, subject to the depositary’s receiving the redemption
price of those shares of Preferred Stock. If fewer than all the depositary shares relating to a series are to be redeemed,