fortress investment group llc - The Options Clearing Corporation

fortress investment group llc - The Options Clearing Corporation

#41445 DATE: JULY 5, 2017 SUBJECT: FORTRESS INVESTMENT GROUP LLC – ANTICIPATED CASH SETTLEMENT FUTURES SYMBOL: FIG1D DATE: ??? On July 12, 2017, ...

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#41445

DATE:

JULY 5, 2017

SUBJECT:

FORTRESS INVESTMENT GROUP LLC – ANTICIPATED CASH SETTLEMENT FUTURES SYMBOL: FIG1D DATE: ???

On July 12, 2017, Shareholders of Fortress Investment Group LLC (FIG) will vote concerning the proposed merger with Foundation Acquisition LLC, a wholly-owned subsidiary of SB Foundation Holdings LP. If the merger is approved and consummated, each existing FIG Common Class A will be converted into the right to receive $8.08 net cash per share. CONTRACT ADJUSTMENT DATE:

Effective the opening of the business day after the merger is consummated. Contract adjustment is expected to occur in the second half of 2017.

MULTIPLIER:

100 (e.g. 1.00 equals $100)

NEW DELIVERABLE PER CONTRACT:

$808.00 Cash ($8.08 x 100)

Settlement in FIG1D futures will take place through OCC’s cash settlement system. Pursuant to Rule 1304 of OCC’s Rules and Bylaws, the maturity date for all FIG1D Security Futures will be accelerated on a date to be determined.

DISCLAIMER This Information Memo provides an unofficial summary of the terms of corporate events affecting listed options or futures prepared for the convenience of market participants. OCC accepts no responsibility for the accuracy or completeness of the summary, particularly for information which may be relevant to investment decisions. Option or futures investors should independently ascertain and evaluate all information concerning this corporate event(s). The determination to adjust options and the nature of any adjustment is made by a panel of The OCC Securities Committee pursuant to OCC By-Laws, Article VI, Sections 11 and 11A. The adjustment panel is comprised of representatives from OCC and each exchange which trades the affected option. The determination to adjust futures and the nature of any adjustment is made by OCC pursuant to OCC ByLaws, Article XII, Sections 3, 4, or 4A, as applicable. For both options and futures, each adjustment decision is made on a case by case basis. Adjustment decisions are based on information available at the time and are subject to change as additional information becomes available or if there are material changes to the terms of the corporate event(s) occasioning the adjustment.

ALL CLEARING MEMBERS ARE REQUESTED TO IMMEDIATELY ADVISE ALL BRANCH OFFICES AND CORRESPONDENTS ON THE ABOVE. For questions regarding this memo, call Investor Services at 1-888-678-4667 or email [email protected] Clearing Members may contact Member Services at 1-800-544-6091 or, within Canada, at 1-800-424-7320, or email [email protected]