Fortress Transportation & Infrastructure Investors' Series A Preferred Shares Cross 9.5% Yield Mark
June 09, 2020 at 14:07 PM EDT
In trading on Tuesday, 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 9.5% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $20.46 on the day.
