Fortress Transportation & Infrastructure Investors' Series A Preferred Shares Cross 11.5% Yield Mark
September 08, 2020 at 14:34 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 11.5% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $17.90 on the day.