Fortress Transportation & Infrastructure Investors' Series B Preferred Shares Cross 9% Yield Mark
December 30, 2020 at 15:11 PM EST
In trading on Wednesday, 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 9% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $22.05 on the day.
