Author: Matthew Nelson|| Date Published: January 6, 2020
Carlyle Group has formally changed its structure from a publicly traded partnership to a corporation and said it will provide a Schedule K-1 tax document to shareholders by late March.
The global investment firm said Thursday its stockholders will also receive a form on dividends and distributions following the conversion effort.
Carlyle Co-CEOs Glenn Youngkin and Kewsong Lee noted in a joint statement the company aims to increase value for shareholders through the new structure.
The company manages $222B worth of assets across 365 investment vehicles in various sectors including the defense, aerospace and government services markets.
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