Preferred Stock Channel
Fortress Transportation & Infrastructure Investors LLC | 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares (FTAI.PRB)

Prospectus excerpt:  We are offering 4,000,000 of our 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares, par value $0.01 per share, representing limited liability company interests in Fortress Transportation and Infrastructure Investors LLC (the “Series B Preferred Shares” or the “shares”). 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, in each case when, as, and if declared by our board of directors out of funds legally available for such purpose. 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.

Full Prospectus PDF », FTAI Page »

Series:B
Alternate symbology:FTAI-B, FTAI-PB, FTAIprB
Redeemable?:Yes
Call Date:12/15/2024
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:4,000,000
Overallotment:600,000
Liquidation Preference:$25
Recent Market Price:$18.99
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-6.01 (-24.04%)
Annualized Dividend:2
Recent Ex-Date:8/31/2020
Current Yield:10.53%
Original Coupon:8.00%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
Fortress Transportation and Infrastructure Investors is engaged in the acquiring, managing and disposing of transportation and transportation-related infrastructure and equipment assets. Co. invests across four market sectors in the transportation industry, including aviation, energy, intermodal transport and ports and terminals. Co.'s operations consist of two primary business units: Infrastructure and Equipment Leasing. Co.'s Infrastructure Business acquires long-lived assets that provide services or functions to transportation networks. Co.'s Equipment Leasing Business acquires assets that are designed to carry cargo or people or provide functionality to transportation infrastructure.

Preferreds: FTAI.PRA, FTAI.PRB


Open the FTAI Information Page »
Name:  Fortress Transportation & Infrastructure Investors LLC
Website:  www.ftandi.com
Sector:  Air Services Other
Number of ETFs Holding FTAI:  1 (see which ones)
Total Market Value Held by ETFs:  $717,189
Total Market Capitalization:  $1,249,000,000
% of Market Cap. Held by ETFs:  0.06%

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game
Quotes delayed 20 minutes

Fortress Transportation & Infrastructure Investors LLC | 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares (FTAI.PRB) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2020, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.