AP Alternative Assets Releases Financial Results for the Three and Nine Months Ended September 30, 2020
—Net Asset Value of $0.13 per unit as of September 30, 2020–
Guernsey, Channel Islands , Oct. 29, 2020 (GLOBE NEWSWIRE) — AP Alternative Assets, L.P. (“AAA”, Euronext Amsterdam: AAA) today released its financial results for three and nine months ended September 30, 2020. AAA invests its capital through, and is the sole limited partner of, AAA Investments, L.P., which is referred to as the “Investment Partnership.”HighlightsNet asset value at September 30, 2020 was $10.3 million, or $0.13 per unit, reflecting a net increase in net assets of approximately $1.0 million, or $0.01 per common unit during the three months ended September 30, 2020.The increase in net asset value during the three months ended September 30, 2020 was driven by an increase in net assets from operations due to a realized gain on sale of 605,554 Athene shares by the Investment Partnership of $12.0, offset by the reversal of previously recognized unrealized gains of $(9.3) million.
Net Asset Value for AAAAt September 30, 2020, AAA had net assets of $10.3 million, including its share of the net assets of the Investment Partnership, as follows:____________________________(1) The remaining cash will be used be used to settle outstanding liabilities and expenses (including expenses relating to ultimately winding up AAA). After payment of these expenses the remaining cash of AAA (if any) will be distributed to AAA unitholders (unless the cash, on a per unit basis, is de minimis, in which case it is expected to be given to charity). This distribution which, based on information now available to AAA is currently estimated to be between USD 7 cents and 9 cents per AAA unit. A further announcement in this regard will be made at the relevant time. The net asset value also includes $0.8 million of prepaid management fees that will continue to be amortized over the life of the service period through December 31, 2020. If a decision is made to wind up AAA prior to the end of the service period, AAA will accelerate the amortization of the prepaid management fee.Financial ReportAAA’s interim report, which includes its unaudited financial statements and the unaudited consolidated financial statements of the Investment Partnership is available and can be downloaded free of charge at its website at: www.apolloalternativeassets.com.ContactAnn Dai (New York) +1 (212) 822 0678Additional InformationA presentation will be available on the company’s website at http://www.apolloalternativeassets.com/ReportsAndFilings/AdditionalDocuments.aspx in connection with this press release.About AAAAAA was established by Apollo Global Management, Inc. and its subsidiaries (“Apollo”) and is a closed- end limited partnership established under the laws of Guernsey. Apollo is a leading global alternative investment manager with 30 years of experience investing across the capital structure of leveraged companies. AAA is managed by Apollo Alternative Assets, L.P. For more information about AAA, please visit www.apolloalternativeassets.com.Forward-Looking StatementsThis press release contains forward-looking statements. Forward-looking statements involve risks and uncertainties because they relate to future events and circumstances. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results and developments to differ materially from the historical experience and expressed or implied expectations of AAA. Undue reliance should not be placed on such forward-looking statements. Forward-looking statements speak only as of the date on which they are made and AAA does not undertake to update its forward-looking statements unless required by law.Financial Schedules FollowFinancial Schedule IFinancial Schedule IIFinancial Schedule IIIFinancial Schedule IV Attachment
AAAEarningsReleaseQ320.pdf
Guernsey, Channel Islands , Oct. 29, 2020 (GLOBE NEWSWIRE) — AP Alternative Assets, L.P. (“AAA”, Euronext Amsterdam: AAA) today released its financial results for three and nine months ended September 30, 2020. AAA invests its capital through, and is the sole limited partner of, AAA Investments, L.P., which is referred to as the “Investment Partnership.”HighlightsNet asset value at September 30, 2020 was $10.3 million, or $0.13 per unit, reflecting a net increase in net assets of approximately $1.0 million, or $0.01 per common unit during the three months ended September 30, 2020.The increase in net asset value during the three months ended September 30, 2020 was driven by an increase in net assets from operations due to a realized gain on sale of 605,554 Athene shares by the Investment Partnership of $12.0, offset by the reversal of previously recognized unrealized gains of $(9.3) million.
Net Asset Value for AAAAt September 30, 2020, AAA had net assets of $10.3 million, including its share of the net assets of the Investment Partnership, as follows:____________________________(1) The remaining cash will be used be used to settle outstanding liabilities and expenses (including expenses relating to ultimately winding up AAA). After payment of these expenses the remaining cash of AAA (if any) will be distributed to AAA unitholders (unless the cash, on a per unit basis, is de minimis, in which case it is expected to be given to charity). This distribution which, based on information now available to AAA is currently estimated to be between USD 7 cents and 9 cents per AAA unit. A further announcement in this regard will be made at the relevant time. The net asset value also includes $0.8 million of prepaid management fees that will continue to be amortized over the life of the service period through December 31, 2020. If a decision is made to wind up AAA prior to the end of the service period, AAA will accelerate the amortization of the prepaid management fee.Financial ReportAAA’s interim report, which includes its unaudited financial statements and the unaudited consolidated financial statements of the Investment Partnership is available and can be downloaded free of charge at its website at: www.apolloalternativeassets.com.ContactAnn Dai (New York) +1 (212) 822 0678Additional InformationA presentation will be available on the company’s website at http://www.apolloalternativeassets.com/ReportsAndFilings/AdditionalDocuments.aspx in connection with this press release.About AAAAAA was established by Apollo Global Management, Inc. and its subsidiaries (“Apollo”) and is a closed- end limited partnership established under the laws of Guernsey. Apollo is a leading global alternative investment manager with 30 years of experience investing across the capital structure of leveraged companies. AAA is managed by Apollo Alternative Assets, L.P. For more information about AAA, please visit www.apolloalternativeassets.com.Forward-Looking StatementsThis press release contains forward-looking statements. Forward-looking statements involve risks and uncertainties because they relate to future events and circumstances. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results and developments to differ materially from the historical experience and expressed or implied expectations of AAA. Undue reliance should not be placed on such forward-looking statements. Forward-looking statements speak only as of the date on which they are made and AAA does not undertake to update its forward-looking statements unless required by law.Financial Schedules FollowFinancial Schedule IFinancial Schedule IIFinancial Schedule IIIFinancial Schedule IV Attachment
AAAEarningsReleaseQ320.pdf
