Board Approves GCM Grosvenor $0.06 per Share Dividend Payable March 15, 2021 to Stockholders of Record on March 1, 2021

Rhea-AI Summary

The Board of Directors of GCM Grosvenor (Nasdaq: GCMG) declared a quarterly dividend of $0.06 per share on its Class A common stock. This decision aligns with the previous recommendation made on November 19, 2020. The dividend will be payable on March 15, 2021, to shareholders of record by the close of business on March 1, 2021. CEO Michael Sacks highlighted the firm's strong free cash flow generation, emphasizing its ability to return capital to shareholders, enhancing the company's appeal in the market.

Positive

• Quarterly dividend of $0.06 per share indicates financial stability.
• High free cash flow generation supports future dividend payments.

Negative

• None.

CHICAGO, Jan. 4, 2021 /PRNewswire/ -- The Board of Directors of GCM Grosvenor Inc. (Nasdaq: GCMG) declared a quarterly dividend of $0.06 per share on the outstanding Class A common stock of GCMG.  The Board's declaration is consistent with GCM Grosvenor management's previously disclosed recommendation included in its public filing on November 19, 2020.  The dividend is payable on March 15, 2021 to stockholders of record as of the close of business on March 1, 2021.

"We believe that our high free cash flow generation, which gives us the ability to pay dividends and return capital to shareholders over time, is an attractive feature of our business," said Michael Sacks, Chairman and Chief Executive Officer of GCM Grosvenor. "We felt it important that our Board embrace this previously communicated recommendation at its first opportunity to do so."

About GCM Grosvenor
GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $59 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm is in its 50^th year of operation and is dedicated to delivering value for clients in the growing alternative investment asset classes.

GCM Grosvenor's experienced team of approximately 500 professionals serves a global client base of institutional and high net worth investors. The firm is headquartered in Chicago, with offices in New York, Los Angeles, London, Tokyo, Hong Kong, and Seoul. For more information, please visit: www.gcmgrosvenor.com.

Public Shareholders Contact
Stacie Selinger
sselinger@gcmlp.com
312-506-6583  

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SOURCE GCM Grosvenor

FAQ

What is the dividend amount declared by GCM Grosvenor?

GCM Grosvenor declared a quarterly dividend of $0.06 per share.

When will GCM Grosvenor pay its dividend?

The dividend will be payable on March 15, 2021.

Who is eligible to receive the dividend from GCM Grosvenor?

Shareholders of record as of March 1, 2021, are eligible to receive the dividend.

What is the significance of GCM Grosvenor's high free cash flow generation?

High free cash flow generation allows GCM Grosvenor to pay dividends and return capital to shareholders.