Fortress Transportation & Infrastructure Investors' Series A Preferred Shares Cross 8% Yield Mark
April 09, 2021 at 14:32 PM EDT
In trading on Friday, 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 8% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $25.56 on the day.