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Subsequent Events
6 Months Ended
Jun. 30, 2019
Subsequent Events [Abstract]  
Subsequent Events

16. SUBSEQUENT EVENTS

On July 29, 2019, the Board of Directors of Moelis & Company declared a dividend of $0.50 per share to be paid on September 27, 2019 to shareholders of record as of August 9, 2019.

On July 12, 2019, the Company terminated its aircraft dry lease with Manager, the lessor, and Mr. Moelis, the other lessee (the “Old Lease”) and the related cost sharing agreement with Mr. Moelis, which were set to expire by their terms on December 31, 2019, and entered into a new dry lease with Manager, the lessor, and Mr. Moelis, the other lessee (the “New Lease”) and cost sharing agreement with Mr. Moelis, which terminate on December 31, 2022. The terms of the New Lease are comparable to the market rates of leasing from an independent third party. Mr. Moelis, as the other lessee of the aircraft, will share the operating and related costs of the plane with the Company in proportion to his respective use pursuant to the new cost sharing agreement. The terms of the New Lease and new cost sharing agreement are substantially similar to the Old Lease and related cost sharing agreement. See Note 10 for further information regarding the Old Lease.