Quarterly report [Sections 13 or 15(d)]

Non-Controlling Interests

v3.26.1
Non-Controlling Interests
3 Months Ended
Mar. 31, 2026
Non-Controlling Interests  
Non-Controlling Interests

11. Non-Controlling Interests

The Company’s ownership interests in its consolidated subsidiaries at March 31, 2026 was similar to December 31, 2025, with the exception of increases at the public subsidiaries that pay a Payment-in-Kind (“PIK”) dividend to Fortress (see Note 15): Avenue increased 3.1%, and Mustang increased 4.0%. Cyprium increased 6.5% due to the conversion of a portion of the intercompany note payable balance into equity during the quarter ended March 31, 2026 (see Note 15).