Ftai aviation announces full redemption of outstanding 8.25% fixed to floating rate series a cumulative perpetual redeemable preferred shares

New york, sept. 30, 2024 (globe newswire) -- ftai aviation ltd. (nasdaq: ftai; “ftai aviation” or the “company”) announced today that it will redeem all of the company's outstanding 4,180,000 8.25% fixed-to-floating rate series a cumulative perpetual redeemable preferred shares (the “series a shares”) at a redemption price equal to $25.00 per series a share in cash, plus approximately $1,579,811 of accumulated and unpaid distributions thereon to, but not including, the redemption date of october 30, 2024 (the “redemption”). the series a shares trade under the ticker symbol “ftaip.”
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