Fortress Elects to Retain Capital
Company Release - 12/19/2008 6:36 PM EST
NEW YORK, Dec. 19 /PRNewswire-FirstCall/ -- Fortress Investment Group LLC (NYSE: FIG) announced today that it elected not to pay a dividend in the fourth quarter of 2008. Consistent with its decision last quarter, the Board elected to retain capital for potential future investment opportunities and for working capital purposes.
Fortress is a leading global alternative asset manager with approximately $34.3 billion in assets under management as of September 30, 2008. Fortress raises, invests and manages private equity funds and hedge funds. Fortress was founded in 1998. For more information regarding Fortress Investment Group LLC or to be added to our e-mail distribution list, please visit www.fortress.com.
SOURCE Fortress Investment Group LLCContact: Lilly H. Donohue, Fortress Investment Group LLC, +1-212-798-6118