What is Och-Ziff's dividend policy?
Our intention is to distribute to our Class A Shareholders substantially all of their pro rata share of our annual Economic Income in excess of amounts determined by us to be necessary or appropriate to provide for the conduct of our business, to pay income taxes and other operating expenses, to make appropriate investments in our business and our funds, and to make payments on any of our debt obligations. When we pay dividends on our Class A Shares, subject to the terms of the limited partnership agreements of the Och-Ziff Operating Group entities, we intend to make corresponding distributions to our partners and the Ziffs on their interests in the Och-Ziff Operating Group.
Our ability to pay dividends to our Class A Shareholders depends on a number of factors that our Board of Directors takes into account as it may deem relevant. The declaration and payment of future dividends will be at the sole discretion of our Board of Directors, which may change the dividend policy at any time. Depending on the facts and circumstances at any given time, our Board of Directors may decide to reduce, increase, or suspend from time to time the payment of dividends to our Class A Shareholders.
Please click here for our most recently filed annual report, which provides additional information related to our dividend policy.