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perty; (4) rental agreements described in Section 467 of the Code; (5) any security issued by other REITs; (6) certain securities issued by a state, the District of Columbia, a foreign government, or a political subdivision of any of the foregoing, or the Commonwealth of Puerto Rico; and (7) any other arrangement as det
the Depositary Shares subject to various conditions. The underwriters expect to deliver the Depositary Shares to purchasers on or about May , 2016. Joint Book-Running Managers BofA Merrill Lynch Morgan Stanley UBS Investment Bank Wells Fargo Securities May . 2016 EFTA00595846 You should rely only on the information co
e United States, (2) a corporation, or entity treated as a corporation, organized in or under the laws of the United States or any state thereof or the District of Columbia, (3) a trust that (i) is subject to (a) the primary supervision of a court within the United States and (b) the authority of one or more U.S. person
orm only, through the facilities of The Depository Trust Company. against payment on or about June , 2016. See "Underwriting." BofA Merrill Lynch Joint Book-Running Managers Morgan Stanley UBS Investment Bank The date of this prospectus supplement is _tune , 2016. EFTA00618204 TABLE OF CONTENTS Prospectus Suppleme
ity taxable as a corporation for U.S. Federal income tax purposes) created or organized under the laws of the United States or any state thereof, or the District of Columbia, (iii) an estate, the income of which is subject to U.S. Federal income taxation regardless of its source, or (iv) a trust (a) the administration o
e shares will be delivered to purchasers in global form through the book-entry delivery system of The Depository Trust Company on or about , 2017. Joint Book-Running Managers BofA Merrill Lynch Morgan Stanley UBS Investment Bank Wells Fargo Securities , 2017 EFTA00613223 TABLE OF CONTENTS Prospectus Supplement Pa
ity taxable as a corporation for U.S. Federal income tax purposes) created or organized under the laws of the United States or any state thereof, or the District of Columbia, (iii) an estate, the income of which is subject to U.S. Federal income taxation regardless of its source, or (iv) a trust (a) the administration o
uditing. 54 EFTA00613364 APOLLO Apollo Global Management, LLC Shares % Series A Preferred Shares PRELIMINARY PROSPECTUS SUPPLEMENT , 2017 Joint Book-Running Managers BofA Merrill Lynch Morgan Stanley UBS Investment Bank Wells Fargo Securities EFTA00613365
Entities connected to both the District of Columbia and Joint Book-Running Managers

United States
LOCATIONLeon Black
PERSON
United Kingdom
LOCATION
Eric Holder
PERSONthe Securities and Exchange Commission
ORGANIZATION
St. Louis
LOCATIONCayman
LOCATION
Belgium
LOCATION
Morgan Stanley
ORGANIZATIONRegistrar
ORGANIZATION
Ontario
LOCATION
BofA Merrill Lynch
ORGANIZATIONthe Federal Reserve System
ORGANIZATIONthe State of New York
LOCATIONUBS Investment Bank
ORGANIZATIONMorgan Stanley & Co. LLC
ORGANIZATIONForm S-3
ORGANIZATIONWeiss
PERSONthe New York Banking Law
ORGANIZATIONDebt Securities
ORGANIZATION