Fortress transportation and infrastructure investors llc announces merger which will eliminate its partnership tax classification and result in the public entity being a corporation

New york, aug. 15, 2022 (globe newswire) -- fortress transportation and infrastructure investors llc (nasdaq: ftai), a delaware limited liability company (“ftai” or the “company”) announced today that it had entered into a definitive agreement to merge with a subsidiary of ftai finance holdco ltd., a cayman islands exempted company and subsidiary of the company, with ftai surviving the merger and becoming a wholly-owned subsidiary of ftai finance holdco ltd. following the completion of the merger, ftai finance holdco ltd. will be named ftai aviation ltd. (“ftai aviation”). the transaction is being completed as part of the company's plan to eliminate its partnership tax classification. the surviving entity in the merger, ftai aviation, is a corporation. thus, if the merger is completed, shareholders will no longer receive form k-1s.
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