What exchange does Blackstone trade on and what is its ticker symbol?
The Blackstone Group trades on the New York Stock Exchange with BX as its ticker symbol.
When did Blackstone become a publicly traded partnership?
The Blackstone Group became a publicly traded partnership on June 21, 2007, with its first day of trading on June 22, 2007.
When is Blackstone's fiscal year-end?
Will every investor receive a K-1 regardless of the amount of time they held their units?
Yes, regardless of how long the holding period, each unit holder will receive a K-1 reflecting its share of profit.
Where can I request a copy of my K-1?
To download an electronic copy of your K-1 tax package, please visit our external web portal at https://www.partnerdatalink.com/blackstone/ . If you have additional questions about your K-1 tax package or to request updates to your K-1 tax package, please contact our Partner DataLink support team at 1-855-375-4156 or via email at BlackstoneK1Help@deloitte.com .
Does Blackstone offer a dividend reinvestment program (DRIP) or other direct means of purchasing its units?
The Blackstone Group does not offer a DRIP program, nor can investors purchase units through Blackstone. You may purchase common units through a registered brokerage firm.
What is Blackstone's distribution policy?
The declaration and payment of any distributions are at the sole discretion of the general partner and the general partner may change the distribution policy at any time. Blackstone's current intention is to distribute to its common unitholders substantially all of The Blackstone Group L.P.'s net after-tax share of annual Distributable Earnings in excess of amounts determined by Blackstone's general partner to be necessary or appropriate to provide for the conduct of the Partnership's business, to make appropriate investments in the business and funds, to comply with applicable law, any of Blackstone's debt instruments or other agreements, or to provide for future distributions to Blackstone's common unitholders for any ensuing quarter. Because Blackstone will not know what the Distributable Earnings will be for any fiscal year until the end of such year, the Partnership expects that the first three quarterly distributions in respect of any given year will be based on the anticipated annualized Net Fee Related Earnings only. As such, the distribution for the first three quarters will likely be smaller than the final quarterly distribution in respect of such year, which Blackstone expects to also include realized Performance Fees and Allocations net of related compensation and realized net investment income. In most years the aggregate amounts of distributions to unitholders will not equal Distributable Earnings for that year. Because the wholly-owned subsidiaries of The Blackstone Group L.P. must pay taxes and make payments under the tax receivable agreements described in Blackstone's SEC filings, the amounts ultimately distributed to common unitholders are expected to be different, and in many years likely less, on a per unit basis, than the amounts distributed by the Blackstone Holdings partnerships to the Blackstone personnel and others who are limited partners of the Blackstone Holdings partnerships in respect of their Blackstone Holdings partnership units.
How may I obtain information about Blackstone's latest financial results?