Fortress Transportation & Infrastructure Investors LLC's 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares Cross 8% Yield Mark
April 01, 2021 at 16:25 PM EDT
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 8% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $24.94 on the day.