FTAI Aviation Announces Full Redemption of Outstanding 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares
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FTAI Aviation Ltd. announced the full redemption of its 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares, trading under the ticker FTAIO, at $25.00 per share plus accumulated distributions, effective February 16, 2025.
January 17, 2025 | 9:30 pm
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NEUTRAL IMPACT
FTAI Aviation Ltd. is redeeming all its Series B Preferred Shares at $25.00 per share plus accumulated distributions, impacting its financial structure and potentially its stock price.
The redemption of preferred shares affects FTAI's financial obligations and capital structure. While it may not directly impact the common stock price, it could influence investor perception of the company's financial health and strategy.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
FTAI Aviation Ltd. will redeem all outstanding Series B Preferred Shares (FTAIO) at $25.00 per share plus accumulated distributions, affecting the preferred shares' market value.
The redemption at $25.00 per share plus distributions provides a clear exit for preferred shareholders, likely stabilizing or increasing the market value of FTAIO until the redemption date.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100