FTAI-B Fortress Transportation and Infrastructure 8.00% Fixed-to-Floating Series B Cumulative Preferred

Distributions on the shares are cumulative from and including the date of original issue and will be payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, commencing March 15, 2020. An initial distribution on the shares will be payable on March 15, 2020 in an amount equal to approximately $0.60000 per share. Distributions based on the stated liquidation preference of $25.00 per share will be payable on the shares at a rate equal to (i) from and including the date of original issue to, but excluding, December 15, 2024, 8.00% per annum, and (ii) thereafter, an annual floating rate of the Three-Month LIBOR (as defined herein) plus a spread of 644.7 basis points per annum.At any time or from time to time on or after December 15, 2024, we may, at our option, redeem the shares, in whole or in part, at a redemption price of $25.00 per share, plus an amount equal to all accumulated and unpaid distributions thereon, if any, to, but excluding, the date of redemption, whether or not declared.   This security was issued by Fortress Transportation And Infrastructure Investors LLC, whose common stock symbol is FTAI.

$25.66  +0.03 (0.12%)
As of 10/20/2021 16:00:02 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Industrials
Industry:  Rental & Leasing Services
Index country:  USA
Country of incorporation:  
IPO date:  12/02/2019
Outstanding shares:  4,000,000
Average volume:  12,278
Market cap:   $102,520,000
Current dividend yield:  7.80%    calculation
Initial coupon rate:    8.000%
Spread to LIBOR: 0.064470
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   12/15/2024
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    34960P309
ISIN:        US34960P3091
Sedol:      BL4PTS8

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