Key Developments: Fortress Investment Group LLC (FIG.N)
7.98USD
1 Aug 2013
$0.13 (+1.66%)
$7.85
$8.05
$8.10
$7.88
280,652
269,159
$8.13
$3.73
Latest Key Developments (Source: Significant Developments)
Fortress Investment Group LLC Announces Second Quarter Dividend
Fortress Investment Group LLC declared a second quarter 2013 cash dividend of $0.06 per dividend paying share. The dividend is payable on August 16, 2013 to Class A shareholders of record as of the close of business on August 13, 2013. Full Article
Electric Car Maker Coda Automotive Wins Approval To Sell Assets To Group Of Lenders Led By Fortress Investment Group LLC-Reuters
Reuters reported that U.S. electric car maker Coda Automotive has won bankruptcy court approval to sell its assets for $25 million to a group of lenders led by Fortress Investment Group LLC, a filing showed on June 11, 2013. Under the deal, Fortress group will pay $1.7 million in cash, and the remainder will come by way of a "credit bid," in which Fortress will bid for the assets of Coda using debt owed instead of cash. Coda said in its May 1 bankruptcy petition that it is exiting the car business to focus on the development and sale of energy storage systems through its subsidiary Coda Energy. Earlier on June 11, 2013, two affiliates of the electric-car maker - Lio Energy Systems Holdings and Miles Electric Vehicles - filed for chapter 11 bankruptcy protection. Full Article
Fortress Investment Group LLC Declares First Quarter 2013 Dividend
Fortress Investment Group LLC announced that the Board of Directors declared a first quarter 2013 dividend of $0.06 per dividend paying share. The dividend is payable on May 17, 2013 to Class A shareholders of record as of the close of business on May 14, 2013. Full Article
Fortress Investment Group LLC Declares Fourth Quarter Dividend
Fortress Investment Group LLC announced that the Board of Directors declared a fourth quarter 2012 dividend of $0.06 per dividend paying share, bringing full year 2012 distributions to $0.21 per dividend paying share. The dividend is payable on March 15, 2013 to Class A shareholders of record as of the close of business on March 12, 2013. Fortress announced an increase in its base quarterly dividend, effective for the fourth quarter of 2012 and full year 2013, to $0.06 per dividend paying share, up 20% from $0.05 per dividend paying share. Full Article
Chartwell Seniors Housing Real Estate Investment Trust Announces Termination Of Agreement To Sell Six Of Its U.S. Properties To Fortress Investment Group LLC's Harvest Facility Holdings LP
Chartwell Seniors Housing Real Estate Investment Trust announced that the previously announced agreement to sell its 100% ownership in six U.S. properties aggregating 1,221 independent living suites located in Michigan, Tennessee, Oklahoma, Alabama and Ohio (the Agreement) to Harvest Facility Holdings LP, a wholly-owned subsidiary of Fortress Investment Group LLC (the Purchaser) has been terminated by the Purchaser. Chartwell will continue to own these high quality properties, which will remain under the management of Brookdale Senior Living. Terms of the transaction were not disclosed. Full Article
Fortress Investment Group LLC Declares Third Quarter 2012 Dividend
Fortress Investment Group LLC announced that the Board of Directors declared a third quarter 2012 dividend of $0.05 per share. The dividend is payable on November 19, 2012 to Class A shareholders of record as of the close of business on November 14, 2012. Full Article
Fortress Investment Group LLC Announces Dividend of $0.05 per Share
Fortress Investment Group LLC announced that the Board of Directors declared a second quarter 2012 dividend of $0.05 per share. The dividend will be paid on August 20, 2012 to holders of record as of the close of business on August 15, 2012. Full Article
Fortress Investment Group LLC Announces First Quarter 2012 Dividend Of $0.05 Per Share
Fortress Investment Group LLC announced that the Company’s Board of Directors declared a first quarter 2012 dividend of $0.05 per share. The dividend will be paid on May 21, 2012, to holders of record as of the close of business on May 16, 2012. Full Article
Fortress Investment Group LLC Declares Dividend
Fortress Investment Group LLC it has declared a fourth quarter 2011 dividend of $0.05 per share. The dividend will be paid on March 15, 2012 to holders of record as of the close of business on March 12, 2012. Full Article
Fortress Investment Group LLC Announces Chief Executive Officer Daniel Mudd To Take Leave Of Absence, Appoints Randal A. Nardone Interim Chief Executive Officer
Fortress Investment Group LLC announced that Daniel Mudd is taking a leave of absence from his role as Chief Executive Officer (CEO) of the Company and member of its Board of Directors. Randal A. Nardone, Fortress principal and co-founder, will serve as Interim Chief Executive Officer, effective immediately. Full Article
Fortress profit soars in second quarter as its funds perform
NEW YORK - Fortress Investment Group on Thursday reported its profit almost tripled in the second quarter as double-digit returns in its hedge funds and a solid performance in its credit funds led to higher incentive income.

Earnings vs.
Estimates