Fortress Transportation & Infrastructure Investors' Series B Preferred Shares Cross 11% Yield Mark

In trading on Thursday, shares of Fortress Transportation & Infrastructure Investors LLC's 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares (FTAI. RB) were yielding above the 11% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $17.97 on the day.
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