Blackstone earnings drop 20 percent, hurt by the equity market slump [CNBC]
FS INVESTMENT CORP (FSIC)
Last fs investment corp earnings: 11/7 04:15 pm
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fsinvestmentcorp.com/investor-relations/presentations-and-reports
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Source: CNBC
Source: Wikipedia Stephen A. Schwarzman, Chairman and CEO, The Blackstone Group, USA. Blackstone , the largest manager of alternative assets such as private equity and real estate, said on Thursday first-quarter earnings per share fell 20 percent year-on-year, as a stock market slump weighed on the value of its holdings. New York-based Blackstone said it plans to pay a 30 cent special dividend in 2018, returning to shareholders a portion of the proceeds from the conclusion of its partnership with FS Investment Corp. The firm increased its share buy-back authorization to $1 billion from $335.8 million. In January, Blackstone agreed to buy a majority stake in the financial and risk business of Thomson Reuters , the parent company of Reuters News, in a $20 billion deal. Reuters News will remain part of Thomson Reuters.
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