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Wesley R. Edens has been the Chairman of our board of directors since inception. Mr. Edens served as our Chief Executive Officer since inception until February 2007. Mr. Edens co-founded our manager, Fortress Investment Group LLC, and is its Chief Executive Officer and Chairman of the board of directors. Mr. Edens is also Chairman and Chief Executive Officer of Newcastle Investment Holdings Corp. Mr. Edens was previously a Managing Director of Union Bank of Switzerland from May 1997 to May 1998. Prior to joining Union Bank of Switzerland, Mr. Edens was a partner and Managing Director of BlackRock Financial Management, Inc. In addition, Mr. Edens was formerly a partner and Managing Director of Lehman Brothers, where he was head of the Non-Agency Mortgage Trading Desk. | 