Fortress declares 8c regular dividend, 18c special dividend Fortressís Board of Directors declared a Q2 cash dividend of 26c per dividend paying share, comprised of a base quarterly cash dividend of 8c per dividend paying share and a special cash dividend of 18c per dividend paying share. The dividend is payable on August 15 to Class A shareholders of record as of the close of business on August 12.
Fortress, Mount Kellett Capital to form strategic alliance, terms not disclosed Fortress Investment Group and Mount Kellett Capital Management announced they have reached an agreement for an affiliate of Fortress to become co-manager with Mount Kellett of the Mount Kellett investment funds and related accounts. Mount Kellett affiliates will continue to serve as general partner of the Funds. Additionally, affiliates of Fortress will become special limited partners of the Funds. Financial terms of the transaction were not disclosed. The transaction is subject to receipt of Mount Kellett investor consent and certain other approvals and the execution of definitive agreements. The transaction is expected to close on or about June 30.