FTAI Aviation LTD 8.25% Fixed-to-Floating Rate Series A Perpetual Redeemable Preferred Stock

Coupon is fixed until 9/14/2024 at 8.25% after which it will float at 3 month Libor plus a spread of 6.886%.

This is a K-1 issuing security

On 4/26/2022 the company transferred to the NASDAQ from the NYSE and all tickers of preferred shares changed

FTAI Aviation was spun off from Fortress Transportation Infrastructure effective 11/10/2022

Issue is no longer a K-1 issuer.

Redeemed 10/30/2024

Ticker: FTAIP

Parent Ticker: FTAI

OTC Grey Market Temporary Ticker: FRTRP

Issuance Date: 09/05/2019

1st Call Date: 09/05/2024

Maturity Date: None

Shares Issued: 3,000,000

Overallotment Shares: 450,000

Coupon: 8.25%

Face Value: $25.00

Cumulative: Yes

Qualified: Yes

Quarterly Dividend Amount: 0.5156

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR

Egan-Jones Rating: NR