Och-Ziff Capital Management Group LLC Board of Directors declared a 2013 first-quarter dividend of $0.28 per Class A Share. The dividend is payable on May 20, 2013 to holders of record as of the close of business on May 13, 2013. For U.S. federal income tax purposes, the dividend will be treated as a partnership distribution. Based on the best information currently available, the Company estimates that when calculating withholding taxes, $0.25 of the 2013 first-quarter dividend will be treated as U.S. source dividend income and $0.01 will be treated as U.S. source interest income.

Och-Ziff Capital Management Group LLC reported unaudited consolidated earnings results for first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $270,370,000 compared to $140,924,000 a year ago. Income before income taxes was $254,180,000 compared to loss before income taxes of $269,531,000 a year ago. Allocation of consolidated net income to class A shareholders was $26,069,000 or $0.17 per basic and diluted share compared to allocation of consolidated net loss to class A shareholders of $122,744,000 or $0.87 per basic and diluted share a year ago. Non GAAP distributable earnings were $136,920,000 or $0.29 per adjusted class A share compared to $57,271,000 or $0.13 per adjusted class A share a year ago. The year-over-year improvement in the company's GAAP results was driven by higher incentive income, reflecting crystallizations on certain credit assets due to the restructuring of terms and expansion of a relationship with an existing investor, as well as on a portion of the company's longer-term, multi-strategy assets under management. The increase in distributable earnings was also due to higher management fees, primarily resulting from growth in assets under management year-over-year. Partially offsetting these increases were higher compensation and benefit expenses, non compensation expenses and adjusted income taxes.

Och-Ziff Capital Management Group LLC announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on May 02, 2013