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&lt;p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;b&gt;15. SUBSEQUENT
EVENTS&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
&lt;!-- xbrl,body --&gt;
&lt;p style="MARGIN-TOP: 6px; TEXT-INDENT: 8%; MARGIN-BOTTOM: 0px"&gt;
&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;On July&amp;#xA0;9,
2013, the Company issued 89,328 Class&amp;#xA0;A shares in settlement
of vested RSUs. This issuance did not cause a material change to
the Company&amp;#x2019;s ownership interest in the Apollo Operating
Group.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 12px; TEXT-INDENT: 8%; MARGIN-BOTTOM: 0px"&gt;
&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;On
August&amp;#xA0;8, 2013, the Company declared a cash distribution of
$1.32 per Class&amp;#xA0;A share, which will be paid on August&amp;#xA0;30,
2013 to holders of record on August&amp;#xA0;26, 2013.&lt;/font&gt;&lt;/p&gt;
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