Key Developments: Fortress Investment Group LLC (FIG)

FIG on New York Consolidated

7.39USD
11 Jul 2014
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Latest Key Developments (Source: Significant Developments)

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

Fortress Investment Group LLC Declares Fourth Quarter Dividend
Wednesday, 27 Feb 2013 07:00am EST 

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
Wednesday, 19 Dec 2012 01:22pm EST 

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 exits German property firm Gagfah in $1 billion sale

FRANKFURT - U.S. private equity firm Fortress Investment Group LLC ended its 10-year foray into German real estate on Tuesday, selling a $1 billion stake in Gagfah, one of Germany's largest property firms.

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