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On 31 May 2019, construction of the Long Ridge Energy gas-fired power plant began in Monroe County, Ohio. At the time, the Long Ridge project was 100% owned by FTAI. [2] General Electric supplied the 485MW gas turbine power plant. [3] On 20 November 2019, it was announced that Canadian Pacific would purchase the Central Maine and Quebec Railway ...
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Union Railroad (reporting mark URR) is a Class III switching railroad located in Allegheny County in Western Pennsylvania.The company is owned by Transtar, Inc., which is a subsidiary of Fortress Transportation and Infrastructure Investors, after being acquired from U.S. Steel in 2021.
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Fortress Investment Group LLC was founded in 1998 in New York City as a private equity firm in 1998 by Wesley R. Edens, a former partner at BlackRock; Rob Kauffman, a managing director at UBS; Randal A. Nardone, also a managing director at UBS; Michael Novogratz, a former partner at Goldman Sachs; and Pete Briger, also a former partner at Goldman Sachs.
In the United States, the statement of allocated income is known as a K-1 (or Schedule K-1). Depending on the local tax regulations, this structure can avoid dividend tax and double taxation because only owners or investors are taxed on the revenue. Technically, for tax purposes, flow-through entities are considered "non-entities" because they ...
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