Athene Holding Ltd., a subsidiary of Apollo Global Management, offers four preferred shares, with Series B and Series D now yielding about 8.4% due to recent market changes. These shares trade at significant discounts to par, reducing call risk and negative convexity, making them attractive for long-term income investors. The company has a strong equity buffer of $17.84 billion and $2.8 billion in preferred capital, providing substantial loss absorption. The yield on these preferred shares has increased by approximately 70 basis points since June, prompting a buy rating for Series B and D shares.
Following the rise in fixed-rate preferred yields at Athene Holding, Apollo Global Management's common shares are also seeing positive movement. On Pluang, APO shares trade at USD 115.81, up 2.08% as of Nov 02, 2026 14:11 WIB. The stock holds a market cap of $68.41 billion and a dividend yield of 1.94%, showing steady investor interest alongside the preferred shares' yield gains.
