Fast pace of buybacks at Fortress

• Pre-tax distributable earnings of $97M or $0.21 per share vs. $100M and $0.20 one year ago. Repurchased about 60.6M dividend-paying shares, roughly 12% of the float.
• AUM of $62.5B up 12% Y/Y. "Dry powder" of $6.6B.
• Management fees of $147M vs. $132M a year ago. Incentive income of $104M falls from $116M. $928M in gross undistributed, unrecognized incentive income based on end of quarter valuations.
• CC at 10 ET
• Source: Press Release
• Previously: Fortress Investment Group LLC EPS of $0.01
• NYSE:FIG-OLD +2% premarket