Fortress Won’t Pay Fourth Quarter Dividend

Dec 18 2009 | 8:14am ET

Those looking for a Fortress Investment Group dividend in their Christmas stocking will do so in vain. For the sixth straight quarter, the alternative investments giant will pay none.

The board “elected to retain capital for potential future investment opportunities and for working capital purposes,” Fortress said in a statement.

Fortress said it has $32 billion in assets under management.

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