SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2017

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

16. SUBSEQUENT EVENTS

On October 24, 2017, the Board of Directors of Moelis & Company declared a quarterly dividend of $0.37 per share to be paid on November 20, 2017 to shareholders of record as of November 6, 2017.

On October 30, 2017, Moelis Australia’s stockholders approved a conditional placement of 10,060,000 shares to raise additional capital. The issuance of shares further reduced the Company’s ownership interest in Moelis Australia. These shares were issued at a fair value greater than the carrying value of the ownership interest disposed, resulting in a gain recorded in other income on the condensed and consolidated statement of operations in the fourth quarter.