FNF announced its plan to create a tracking stock for its portfolio company investments. FNF would contribute these portfolio company investments into a new subsidiary, Fidelity National Financial Ventures and create and distribute a class of shares to FNF shareholders that tracks the performance of FNFV.
All add-on investments in existing portfolio companies and any new portfolio company investments will be funded and managed by FNFV. Cash flow from FNF’s core real estate, technology and mortgage related businesses will be used to reinvest in core operations, repay debt, pay dividends and repurchase stock.
Read on for more information on FNFV and FNF's quarterly dividend and its fourth quarter 2013 conference call.