Fortress Transportation and Infrastructure Investors LLC to Transfer Stock Exchange Listing to Nasdaq
April 13 2022 - 6:55AM
Fortress Transportation and Infrastructure Investors LLC (NYSE:
FTAI) (the “Company”) today announced it will transfer its common
shares listing from the New York Stock Exchange (NYSE) to
The Nasdaq Global Select Market. The Company expects that its
common shares will commence trading as a Nasdaq-listed security on
April 26, 2022 and will continue to be listed under the ticker
symbol “FTAI” after the transfer. The Company expects that its
preferred shares will also transfer to Nasdaq and trade under
ticker symbols FTAIP, FTAIO, and FTAIN.
“Transferring to Nasdaq aligns with our growth strategy and we
believe our shareholders will benefit from Nasdaq’s market maker
model. We look forward to deploying Nasdaq’s proprietary investor
targeting solutions, index inclusion opportunities and Nasdaq’s ESG
offerings,” said Joe Adams, FTAI’s Chairman and Chief Executive
Officer.
“We believe Fortress Transportation and Infrastructure
Investors’ listing on Nasdaq will provide shareholders better and
more consistent liquidity which facilitates further value creation
for all stakeholders,” said Nelson Griggs, President, Nasdaq Stock
Exchange. “We are proud to welcome Fortress Transportation and
Infrastructure Investors as the company continues to improve
transportation infrastructure across key sectors for goods and
people.”
About Fortress Transportation and Infrastructure
Investors LLC
Fortress Transportation and Infrastructure Investors LLC owns
and acquires high quality infrastructure and equipment that is
essential for the transportation of goods and people globally. FTAI
targets assets that, on a combined basis, generate strong and
stable cash flows with the potential for earnings growth and asset
appreciation. FTAI is externally managed by an affiliate of
Fortress Investment Group LLC, a leading, diversified global
investment firm.
Cautionary Note Regarding Forward-Looking
Statements
Certain statements in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including, but not
limited to, statements regarding the expected transfer of the
Company’s common and preferred shares from the NYSE to Nasdaq.
These statements are based on management's current expectations and
beliefs and are subject to a number of trends and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements, many of which are
beyond the Company’s control. The Company can give no assurance
that its expectations will be attained and such differences may be
material. Accordingly, you should not place undue reliance on any
forward-looking statements contained in this press release. For a
discussion of some of the risks and important factors that could
affect such forward-looking statements, see the sections entitled
“Risk Factors” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” in the Company’s
most recent Annual Report on Form 10-K and Quarterly Reports on
Form 10-Q, which are available on the Company’s website
(www.ftandi.com). In addition, new risks and uncertainties emerge
from time to time, and it is not possible for the Company to
predict or assess the impact of every factor that may cause its
actual results to differ from those contained in any
forward-looking statements. Such forward-looking statements speak
only as of the date of this press release. The Company expressly
disclaims any obligation to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with regard
thereto or change in events, conditions or circumstances on which
any statement is based. This release shall not constitute an offer
to sell or the solicitation of an offer to buy any securities.
For further information, please contact:
Alan AndreiniInvestor RelationsFortress Transportation and
Infrastructure Investors LLC(212)
798-6128aandreini@fortress.com
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