Och-Ziff Capital Management Group LLC (NYSE:OZM) said in a Form 8K filing dated March 14 that it will restate certain financial statements following a periodic review by SEC staff.
The company said it will consolidate the Collateralised Loan Obligations (CLO) that it manages, and that such a consolidation “will result in material adjustments to the company’s previously issued annual and interim financial statements from the third quarter of 2012 through third quarter of 2013.”
Shareholders’ earnings not affected
The decision of the company’s Audit Committee to restate the accounts for the above periods will not affect net income or loss per each Adjusted Class A Share.
However, the consolidation will result...
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