Fortress Transportation & Infrastructure Investors' Series A Preferred Shares Cross 9% Yield Mark
December 21, 2020 at 14:11 PM EST
In trading on Monday, shares of Fortress Transportation & Infrastructure Investors LLC's 8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares (FTAI. RA) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $22.89 on the day.