Sept. 30, 2024 -- 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.”

QUANTUMONLINE.COM SECURITY DESCRIPTION:  FTAI Aviation Ltd. Formerly, Fortress Transportation & Infrastructure Investors LLC, 8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 9/15/2024 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.25% per annum ($2.0625 per annum or $0.515625 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date fixed by the board, not more than 60 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). From 9/15/2024 dividends will be paid at a floating rate of the Three-Month LIBOR plus 688.6 basis points per annum. Dividends paid by this preferred security are NOT eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are eligible for the dividends received deduction for corporate holders (see page 25 of the prospectus for further information). This security is possibly subject to an early call as a result of the occurrence of Rating Event, a Change of Control or a Tax Redemption Event (see the prospectus for further information). If a Change of Control occurs and the issuer does not give notice prior to the 31st day following the Change of Control to redeem all the outstanding shares, the distribution rate per annum on the shares will increase by 5.00%, beginning on the 31st day following such Change of Control. This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NGS Chart	FixFloat $2.06	$25.00 $25.00	Called for 10/30/2024 None	NF NF 12/31/2023	3/15, 6/15, 9/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     https://www.ftandi.com
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Company's Online SEC EDGAR Filings

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Company's Email Address Links

Inv Rel Email Address	aandreini@fortress.com
General Email Address	ir@ftandi.com

Address and Phone Numbers

Address:   1345 Avenue of the Americas, 46th Floor, New York, NY 10105
Main Phone Number	212-798-6100
Fax Number	Not Available
Investor Relations   Alan Andreini	212-798-6128

CEO - Joseph P. Adams Jr.

CFO - Angela (Eun) Nam