What does 'ape' mean for AMC?

“APE” stands for AMC preferred equity. The special dividend seems to be in keeping with CEO Adam Aron’s aggressive marketing efforts to appeal to the retail investors who call themselves “Apes” and have rallied around AMC over the past year and a half.

What are the new ape units & how do they work?

The more complicated aspect of the new APE units is how they actually function. The APE units were issued as a special dividend to holders of AMC common stock with each share of AMC receiving one APE. The APEs have the same voting power and right to a dividend as AMC common shares.

Why are AMC's new ape shares a corporate finance tool?

The new APE units are a corporate finance tool at their core because the shares create a new way for AMC to raise money. AMC Entertainment has embarked on a meme-friendly experiment to give a token reward to its retail investor base while also creating a backdoor way to raise more cash down the line.

What is a 'ape' share Class?

The theater chain’s new preferred share class — called “APE” units — begin trading on Monday after being distributed to shareholders as a dividend last week. The special dividend seems to be in keeping with CEO Adam Aron’s aggressive marketing efforts to appeal to the retail investors who call themselves “Apes.”