Key Developments: Fortress Investment Group LLC (FIG.N)

FIG.N on New York Stock Exchange

7.89USD
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Fortress declares cash dividend
Thursday, 30 Oct 2014 07:01am EDT 

Fortress Investment Group LLC:Declares a cash dividend of $0.08 per dividend paying share for the third quarter of 2014.Pauyable on Nov. 17 to Class A shareholders of record as of the close of business on Nov. 12.  Full Article

Fortress Investment Group LLC announces dividend of $0.26 per share
Thursday, 31 Jul 2014 07:09am EDT 

Fortress Investment Group LLC:Declares a cash dividend of $0.26 per dividend paying share, comprised of a base quarterly cash dividend of $0.08 per dividend paying share and a special cash dividend of $0.18 per dividend paying share.Payable on Aug. 15 to Class A shareholders of record on Aug. 12.  Full Article

Fortress announces sale of remaining stake in GAGFAH
Tuesday, 10 Jun 2014 05:00pm EDT 

Fortress Investment Group LLC:Announced that it has agreed to sell its remaining stake in GAGFAH.Says as part of the offering, Fortress and its affiliates have agreed to sell 60.5 million GAGFAH shares, which will generate total proceeds of about $986 million.Transaction is expected to close on June 13.  Full Article

Fortress Investment Group LLC declared Q1 cash dividend
Thursday, 1 May 2014 07:07am EDT 

Fortress Investment Group LLC:Declared Q1 2014 cash dividend of $0.08 per dividend.Payable on May 16.Record date May 13.  Full Article

Fortress Investment Group LLC announces launch of public offering of class A shares
Wednesday, 12 Mar 2014 04:07pm EDT 

Fortress Investment Group LLC:Says it has commenced an underwritten public offering to sell 28,280,000 Class A shares, representing limited liability company interests in the company (the Class A Shares).As part of the offering, certain officers and senior employees of the Company, including Fortress principals (collectively, the selling shareholders), have agreed to sell 5,077,141 Class A Shares.Fortress and certain selling shareholders have also granted the underwriters a 30-day option to purchase up to 4,242,000 additional Class A Shares.Fortress intends to use all of its net proceeds from this offering to purchase an equivalent number of outstanding Fortress Operating Group partnership units from its principals.Fortress will not retain any proceeds from the sale of shares by the selling shareholders.The offering is being made pursuant to an automatic shelf registration statement filed with the Securities and Exchange Commission (the SEC), which became effective on March 12.  Full Article

Fortress Investment Group LLC declares fourth quarter cash dividend
Thursday, 27 Feb 2014 07:00am EST 

Fortress Investment Group LLC:Declared a fourth quarter 2013 cash dividend of $0.08 per dividend paying share.Payable on March 14 to Class A shareholders of record as of the close of business on March 11.  Full Article

Fortress Investment Group LLC Announces Dividend of $0.06 per Share
Thursday, 31 Oct 2013 07:00am EDT 

Fortress Investment Group LLC declared a third quarter 2013 cash dividend of $0.06 per dividend paying share. The dividend is payable on November 15, 2013 to Class A shareholders of record as of the close of business on November 12, 2013.  Full Article

Fortress Investment Group LLC Announces Second Quarter Dividend
Thursday, 1 Aug 2013 07:00am EDT 

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
Tuesday, 11 Jun 2013 11:09pm EDT 

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
Thursday, 2 May 2013 07:00am EDT 

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

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UniCredit resumes talks with Lone Star on UCCMB sale: sources

MILAN - UniCredit has resumed talks with U.S. fund Lone Star on the sale of its debt collector unit UCCMB as negotiations with a consortium made of Fortress Investment Group and Prelios are stalling, sources said.

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