Annual report [Section 13 and 15(d), not S-K Item 405]

Non-Controlling Interests

v3.25.1
Non-Controlling Interests
12 Months Ended
Dec. 31, 2024
Non-Controlling Interests  
Non-Controlling Interests

11. Non-Controlling Interests

On April 21, 2023, Aevitas ceased to be a controlled Fortress entity and as such is no longer consolidated (see Note 3). Tamid was dissolved in the year ended December 31, 2023 due to inactivity.

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The Company’s ownership interest in its consolidated subsidiaries in 2024 was similar to 2023, except for Avenue, which increased from 4% to 9.2% due to the acquisition of additional common shares (see Note 16); Journey, which decreased from 50% to 44.5% due to dilution from the issuance of equity securities (see Note 13) and Mustang, which decreased from 19% to 6.3% due to dilution from the issuance of equity securities (see Note 13).